This paper deals with the problem of choosing techniques. When we refer to the problem of choosing techniques, we actually refer to choose from a set of given production processes-techniques -according to a specific criterion- the optimum one. The criteria which are going to be presented are the...

Based on C.Bidard’s and E.Klimovsky’s “Switches and Fake switches in methods of production”, an attempt will be made to show if fake switch points (as named) are in fact, and opposite of what Bidard and Klimovsky claim, real switch points.

The interest rate and the rate of economic growth are often regarded as roughly constant as economies grow. Moreover, the share of agriculture in production and the share of rural population typically shrink. We show that an otherwise standard growth model that includes a backward and an...

The interest rate and the rate of economic growth are often regarded as roughly constant as economies grow. Moreover, the agricultural sector and rural population typically shrink. We show that an otherwise standard growth model that includes a backward and an advanced sector can account for...