It is assumed that performance of production system can be described with the three variables: amount of production equipment -- capital stock $K$ and 'consumption' of labour L and capital services S. It is shown that the production function can be specified as the known Cobb- Douglas production...

In the Domain of Development Economics, Productivity is represented by Output to Input Ratio & Management Decisions related to the Inputs and Outputs ensures to keep this ratio in a favourable condition. When this is integrated with a Broad-Scope of Socio-Economic Development (SED). Qualitative...

Negli anni novanta si è diffusa nelle scienze sociali l’idea che la crescita non sia determinata soltanto da fattori di carattere economico, quali il capitale naturale, il capitale fisico e il capitale umano, ma anche dal tessuto sociale e istituzionale dell’economia. Gli aspetti della...