Pulsation of the growth rate of output and technology

The pulsation of the growth rate of output is considered from the point of view of technological theory of production, which is based on the law of substituting for human, muscle- and brain-based work. It is shown that the pulsation is connected with pulsation of technological characteristics of installed production equipment. The case of the US economy is considered.

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Year of publication:	2011
Authors:	Pokrovskii, Vladimir N.
Published in:	Physica A: Statistical Mechanics and its Applications. - Elsevier, ISSN 0378-4371. - Vol. 390.2011, 23, p. 4347-4354
Publisher:	Elsevier
Subject:	Economic growth \| Pulsation of output \| Technological theory \| Unemployment

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

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