The Elasticity Of Substitution Between Capital And Labour In The Us Economy

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Production Economics: A Dual Approach to Theory and Applications

Author : Melvyn Fuss
Publisher : Elsevier
ISBN 13 : 148325903X
Total Pages : 361 pages
Book Rating : 4.4/5 (832 download)

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Book Synopsis Production Economics: A Dual Approach to Theory and Applications by : Melvyn Fuss

Download or read book Production Economics: A Dual Approach to Theory and Applications written by Melvyn Fuss and published by Elsevier. This book was released on 2014-06-28 with total page 361 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contributions to Economic Analysis: Production Economics: A Dual Approach to Theory and Applications, Volume 2 focuses on the theory of production from the standpoint of the "dual", the relationships between economic observables which are dual to physical technology. The selection first ponders on duality, intermediate inputs and value-added, Hicks' aggregation theorem and the existence of a real value-added function, and homotheticity and real value-added in Canadian manufacturing. Discussions focus on real value-added and the production structure, estimation of the production structure, double deflation and real value-added, measurement of total productivity, and duality between direct and conditional indirect utility functions. The book then examines the estimation techniques for the elasticity of substitution and other production parameters and measurement of the elasticity of factor substitution and bias of technical change. The publication takes a look at the identification of technical change in the electricity generating industry, factor substitution in electricity generation, and the effectiveness of rate-of-return regulation. Topics include statistical tests of regulatory effectiveness, profit function for a regulated firm, tests of the structure of technology, identification problems in the measurement of technical change, and measurement of disembodied technical change. The selection is a valuable source of information for economists and researchers interested in production economics.

Meta-regression Analysis in Economics and Business

Author : T. D. Stanley
Publisher : Routledge
ISBN 13 : 0415670780
Total Pages : 202 pages
Book Rating : 4.4/5 (156 download)

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Book Synopsis Meta-regression Analysis in Economics and Business by : T. D. Stanley

Download or read book Meta-regression Analysis in Economics and Business written by T. D. Stanley and published by Routledge. This book was released on 2012 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: Meta-Regression Analysis in Economics and Business is the first text devoted to the meta-regression analysis (MRA) of economics and business research.

Understanding National Accounts Second Edition

Author : Lequiller François
Publisher : OECD Publishing
ISBN 13 : 9264214631
Total Pages : 520 pages
Book Rating : 4.2/5 (642 download)

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Book Synopsis Understanding National Accounts Second Edition by : Lequiller François

Download or read book Understanding National Accounts Second Edition written by Lequiller François and published by OECD Publishing. This book was released on 2014-10-20 with total page 520 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is an update of OECD 2006 "Understanding National Accounts". It contains new data, new chapters and is adapted to the new systems of national accounts, SNA 2008 and ESA 2010.

The Economic and Fiscal Consequences of Immigration

Author : National Academies of Sciences, Engineering, and Medicine
Publisher : National Academies Press
ISBN 13 : 0309444454
Total Pages : 643 pages
Book Rating : 4.3/5 (94 download)

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Book Synopsis The Economic and Fiscal Consequences of Immigration by : National Academies of Sciences, Engineering, and Medicine

Download or read book The Economic and Fiscal Consequences of Immigration written by National Academies of Sciences, Engineering, and Medicine and published by National Academies Press. This book was released on 2017-07-13 with total page 643 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Economic and Fiscal Consequences of Immigration finds that the long-term impact of immigration on the wages and employment of native-born workers overall is very small, and that any negative impacts are most likely to be found for prior immigrants or native-born high school dropouts. First-generation immigrants are more costly to governments than are the native-born, but the second generation are among the strongest fiscal and economic contributors in the U.S. This report concludes that immigration has an overall positive impact on long-run economic growth in the U.S. More than 40 million people living in the United States were born in other countries, and almost an equal number have at least one foreign-born parent. Together, the first generation (foreign-born) and second generation (children of the foreign-born) comprise almost one in four Americans. It comes as little surprise, then, that many U.S. residents view immigration as a major policy issue facing the nation. Not only does immigration affect the environment in which everyone lives, learns, and works, but it also interacts with nearly every policy area of concern, from jobs and the economy, education, and health care, to federal, state, and local government budgets. The changing patterns of immigration and the evolving consequences for American society, institutions, and the economy continue to fuel public policy debate that plays out at the national, state, and local levels. The Economic and Fiscal Consequences of Immigration assesses the impact of dynamic immigration processes on economic and fiscal outcomes for the United States, a major destination of world population movements. This report will be a fundamental resource for policy makers and law makers at the federal, state, and local levels but extends to the general public, nongovernmental organizations, the business community, educational institutions, and the research community.

Census of Manufactures (1972- )

Author :
Publisher :
ISBN 13 :
Total Pages : 132 pages
Book Rating : 4.3/5 (243 download)

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Book Synopsis Census of Manufactures (1972- ) by :

Download or read book Census of Manufactures (1972- ) written by and published by . This book was released on 1982 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt:

On the Substitution of Private and Public Capital in Production

Author : Zidong An
Publisher : International Monetary Fund
ISBN 13 : 1513519565
Total Pages : 34 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis On the Substitution of Private and Public Capital in Production by : Zidong An

Download or read book On the Substitution of Private and Public Capital in Production written by Zidong An and published by International Monetary Fund. This book was released on 2019-11-01 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most macroeconomic models assume that aggregate output is generated by a specification for the production function with total physical capital as a key input. Implicitly this assumes that private and public capital stocks are perfect substitutes. In this paper we test this assumption by estimating a nested-CES production function whereas the two types of capital are considered separately along with labor as inputs. The estimation is based on our newly developed dataset on public and private capital stocks for 151 countries over a period of 1960-2014 consistent with Penn World Table version 9. We find evidence against perfect substitutability between public and private capital, especially for emerging and LIDCs, with the point estimate of the elasticity of substitution estimated closely around 3.

Economic Growth

Author : Olivier de la Grandville
Publisher : Cambridge University Press
ISBN 13 : 0521898013
Total Pages : 376 pages
Book Rating : 4.5/5 (218 download)

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Book Synopsis Economic Growth by : Olivier de la Grandville

Download or read book Economic Growth written by Olivier de la Grandville and published by Cambridge University Press. This book was released on 2009-06-25 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: A fascinating introduction to the theory of economic growth that unifies the descriptive and normative strands of growth theory.

Labor Income Share

Author : Saumik Paul
Publisher : Palgrave Macmillan
ISBN 13 : 9789811568626
Total Pages : 281 pages
Book Rating : 4.5/5 (686 download)

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Book Synopsis Labor Income Share by : Saumik Paul

Download or read book Labor Income Share written by Saumik Paul and published by Palgrave Macmillan. This book was released on 2021-10-16 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is about labor income share, which measures the share of national income paid in wages. The global share of income going towards labor is declining, which suggests a more unequal distribution of income. This has sparked debates about fair distribution of personal incomes among academics and policymakers alike. This book joins the discussion by bringing together recent developments in theoretical and empirical research on labor income share and novel insights on the measurement of the labor income share. The aim of this book is to help design policies to reduce inequality and provide useful knowledge to academics, policymakers from government agencies, policy aides in research institutions and think tanks, and broader audiences from public and private organizations.

Technology and the Future of Work

Author : Balwant Singh Mehta
Publisher : Taylor & Francis
ISBN 13 : 1040155367
Total Pages : 233 pages
Book Rating : 4.0/5 (41 download)

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Book Synopsis Technology and the Future of Work by : Balwant Singh Mehta

Download or read book Technology and the Future of Work written by Balwant Singh Mehta and published by Taylor & Francis. This book was released on 2024-10-07 with total page 233 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines how the progress of digital technology is transforming the world of work, skill demand, labour market institutions, and regulations in countries like India. It studies the challenges, opportunities, and current and future contributions of digital technologies. The volume poses salient questions regarding the ICT sector, I4.0 technologies, the gig economy, remote work, and the regulatory environment, and interrogates the policy and regulatory measures needed to promote more inclusive and decent work in the future. Part of the Towards Sustainable Futures series, this book will be an essential read for scholars and researchers of economics, sustainable development, sociology of work, labour economics, Indian economy, public policy, and human resource management. It will also be extremely useful to policymakers, government organisations, civil society organisations, and those in the corporate sector.

National Accounts at a Glance 2014

Author : OECD
Publisher : OECD Publishing
ISBN 13 : 926420685X
Total Pages : 146 pages
Book Rating : 4.2/5 (642 download)

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Book Synopsis National Accounts at a Glance 2014 by : OECD

Download or read book National Accounts at a Glance 2014 written by OECD and published by OECD Publishing. This book was released on 2014-04-11 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt: National Accounts at a Glance presents information using an "indicator" approach, focusing on cross-country comparisons.

The Measurement of Durable Goods Prices

Author : Robert J. Gordon
Publisher : University of Chicago Press
ISBN 13 : 0226304604
Total Pages : 744 pages
Book Rating : 4.2/5 (263 download)

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Book Synopsis The Measurement of Durable Goods Prices by : Robert J. Gordon

Download or read book The Measurement of Durable Goods Prices written by Robert J. Gordon and published by University of Chicago Press. This book was released on 2007-12-01 with total page 744 pages. Available in PDF, EPUB and Kindle. Book excerpt: American business has recently been under fire, charged with inflated pricing and an inability to compete in the international marketplace. However, the evidence presented in this volume shows that the business community has been unfairly maligned—official measures of inflation and the standard of living have failed to account for progress in the quality of business equipment and consumer goods. Businesses have actually achieved higher productivity at lower prices, and new goods are lighter, faster, more energy efficient, and more reliable than their predecessors. Robert J. Gordon has written the first full-scale work to treat the extent of quality changes over the entire range of durable goods, from autos to aircraft, computers to compressors, from televisions to tractors. He combines and extends existing methods of measurement, drawing data from industry sources, Consumer Reports, and the venerable Sears catalog. Beyond his important finding that the American economy is more sound than officially recognized, Gordon provides a wealth of anecdotes tracing the postwar history of technological progress. Bolstering his argument that improved quality must be accurately measured, Gordon notes, for example, that today's mid-range personal computers outperform the multimillion-dollar mainframes of the 1970s. This remarkable book will be essential reading for economists and those in the business community.

Algorithms and Solutions Based on Computer Technology

Author : Carlos Jahn
Publisher : Springer Nature
ISBN 13 : 3030938727
Total Pages : 393 pages
Book Rating : 4.0/5 (39 download)

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Book Synopsis Algorithms and Solutions Based on Computer Technology by : Carlos Jahn

Download or read book Algorithms and Solutions Based on Computer Technology written by Carlos Jahn and published by Springer Nature. This book was released on 2022-05-03 with total page 393 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a collection of papers compiled from the conference "Algorithms and Computer-Based Solutions" held on June 8-9, 2021 at Peter the Great St. Petersburg Polytechnic University (SPbPU), St. Petersburg, Russia. The authors of the book are leading scientists from Russia, Germany, Netherlands, Greece, Hungary, Kazakhstan, Portugal, and Poland. The reader finds in the book information from experts on the most interesting trends in digitalization - issues of development and implementation of algorithms, IT and digital solutions for various areas of economy and science, prospects for supercomputers and exo-intelligent platforms; applied computer technologies in digital production, healthcare and biomedical systems, digital medicine, logistics and management; digital technologies for visualization and prototyping of physical objects. The book helps the reader to increase his or her expertise in the field of computer technologies discussed.

The Economics of Artificial Intelligence

Author : Ajay Agrawal
Publisher : University of Chicago Press
ISBN 13 : 0226833127
Total Pages : 172 pages
Book Rating : 4.2/5 (268 download)

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Book Synopsis The Economics of Artificial Intelligence by : Ajay Agrawal

Download or read book The Economics of Artificial Intelligence written by Ajay Agrawal and published by University of Chicago Press. This book was released on 2024-03-05 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: A timely investigation of the potential economic effects, both realized and unrealized, of artificial intelligence within the United States healthcare system. In sweeping conversations about the impact of artificial intelligence on many sectors of the economy, healthcare has received relatively little attention. Yet it seems unlikely that an industry that represents nearly one-fifth of the economy could escape the efficiency and cost-driven disruptions of AI. The Economics of Artificial Intelligence: Health Care Challenges brings together contributions from health economists, physicians, philosophers, and scholars in law, public health, and machine learning to identify the primary barriers to entry of AI in the healthcare sector. Across original papers and in wide-ranging responses, the contributors analyze barriers of four types: incentives, management, data availability, and regulation. They also suggest that AI has the potential to improve outcomes and lower costs. Understanding both the benefits of and barriers to AI adoption is essential for designing policies that will affect the evolution of the healthcare system.

Economic Growth, second edition

Author : Robert J. Barro
Publisher : MIT Press
ISBN 13 : 9780262025539
Total Pages : 676 pages
Book Rating : 4.0/5 (255 download)

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Book Synopsis Economic Growth, second edition by : Robert J. Barro

Download or read book Economic Growth, second edition written by Robert J. Barro and published by MIT Press. This book was released on 2003-10-10 with total page 676 pages. Available in PDF, EPUB and Kindle. Book excerpt: The long-awaited second edition of an important textbook on economic growth—a major revision incorporating the most recent work on the subject. This graduate level text on economic growth surveys neoclassical and more recent growth theories, stressing their empirical implications and the relation of theory to data and evidence. The authors have undertaken a major revision for the long-awaited second edition of this widely used text, the first modern textbook devoted to growth theory. The book has been expanded in many areas and incorporates the latest research. After an introductory discussion of economic growth, the book examines neoclassical growth theories, from Solow-Swan in the 1950s and Cass-Koopmans in the 1960s to more recent refinements; this is followed by a discussion of extensions to the model, with expanded treatment in this edition of heterogenity of households. The book then turns to endogenous growth theory, discussing, among other topics, models of endogenous technological progress (with an expanded discussion in this edition of the role of outside competition in the growth process), technological diffusion, and an endogenous determination of labor supply and population. The authors then explain the essentials of growth accounting and apply this framework to endogenous growth models. The final chapters cover empirical analysis of regions and empirical evidence on economic growth for a broad panel of countries from 1960 to 2000. The updated treatment of cross-country growth regressions for this edition uses the new Summers-Heston data set on world income distribution compiled through 2000.

Capitalism at a Crossroads

Author : Ali Ari
Publisher : Springer Nature
ISBN 13 : 3031232577
Total Pages : 384 pages
Book Rating : 4.0/5 (312 download)

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Book Synopsis Capitalism at a Crossroads by : Ali Ari

Download or read book Capitalism at a Crossroads written by Ali Ari and published by Springer Nature. This book was released on 2023-02-25 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the current capitalist system has been increasingly struggling to respond to the problems and uncertainties in the global economy, this book aims to identify the main economic, social, and ecological problems and discusses solutions for a more inclusive and sustainable economic system. Written by an international selection of contributors, it takes a wider perspective beyond classical orthodox economics. By doing so, this book covers a wide range of topics, such as global warming and climate change, food and energy scarcity, rising inequality and debt issues, health, ecological, economic, and political crises, degrowth, green new deals, solidarity, economy, artificial intelligence, technological change, smart solutions, and smart cities. Discussing these topics, the book presents answers to the question of whether the current capitalist system is viable and provides suggestions for a fair, inclusive, and modern economic system. Taking a comprehensive approach, the book will appeal to students, scholars, and researchers of heterodox and alternative economics.

Employment Protection Deregulation and Labor Shares in Advanced Economies

Author : Gabriele Ciminelli
Publisher : International Monetary Fund
ISBN 13 : 1484373723
Total Pages : 72 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Employment Protection Deregulation and Labor Shares in Advanced Economies by : Gabriele Ciminelli

Download or read book Employment Protection Deregulation and Labor Shares in Advanced Economies written by Gabriele Ciminelli and published by International Monetary Fund. This book was released on 2018-08-16 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: Labor market deregulation, intended to boost productivity and employment, is one plausible, yet little studied, driver of the decline in labor shares that took place across most advanced economies since the early 1990s. This paper assesses the impact of job protection deregulation in a sample of 26 advanced economies over the period 1970-2015, using a newly constructed dataset of major reforms to employment protection legislation for regular contracts. We apply the local projection method to estimate the dynamic response of the labor share to our reform events at both the country and the country-industry levels. For the latter, we employ a differences-in-differences identification strategy using two identifying assumptions grounded in theory—namely that job protection deregulation should have larger negative effects in industries characterized by (i) a higher “natural” propensity to adjust the workforce, and (ii) a lower elasticity of substitution between capital and labor. We find a statistically significant, economically large and robust negative effect of deregulation on the labor share. In particular, illustrative back-of-the-envelope calculations suggest that job protection deregulation may have contributed about 15 percent to the average labor share decline in advanced economies. Together with existing evidence regarding the macroeconomic gains from job protection and other labor market reforms, our results also point to the need for policymakers to address efficiency-equity trade-offs when designing such reforms.

Handbook of Computable General Equilibrium Modeling

Author : Peter B. Dixon
Publisher : Newnes
ISBN 13 : 0444536353
Total Pages : 1143 pages
Book Rating : 4.4/5 (445 download)

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Book Synopsis Handbook of Computable General Equilibrium Modeling by : Peter B. Dixon

Download or read book Handbook of Computable General Equilibrium Modeling written by Peter B. Dixon and published by Newnes. This book was released on 2013-11-14 with total page 1143 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this collection of 17 articles, top scholars synthesize and analyze scholarship on this widely used tool of policy analysis, setting forth its accomplishments, difficulties, and means of implementation. Though CGE modeling does not play a prominent role in top US graduate schools, it is employed universally in the development of economic policy. This collection is particularly important because it presents a history of modeling applications and examines competing points of view. - Presents coherent summaries of CGE theories that inform major model types - Covers the construction of CGE databases, model solving, and computer-assisted interpretation of results - Shows how CGE modeling has made a contribution to economic policy