Search Results - subject:"Embodied technical change"

Specialization on a technologically stagnant sector need not be bad for growth

Felbermayr, Gabriel - 2004

This paper presents a simple North-South model of endogenous growth, based on learning by doing, which is consistent with the following empirical observations: (i) the price of investment goods relative to consumption goods has been falling for the last 40 years in most industrialized countries,...

Persistent link: https://www.econbiz.de/10009748282

A short-run production function for electricity generation in China

Førsund, Finn; Hjalmarsson, Lennart; Zheng, Jinghai - In: Journal of Chinese Economic and Business Studies 9 (2011) 2, pp. 205-216

typical features of process industries, such as embodied technical change, a sharp difference in substitution possibilities … technical change. The purpose of the paper is to give an introduction to the key production function concept of a short … before and after investing, and a dynamic change at the industry level driven by entry and exit of plants and embodied …

Persistent link: https://www.econbiz.de/10009190128

A short-run production function for electricity generation in China

Førsund, Finn R.; Hjalmarsson, Lennart; Zheng, Jinghai - In: Journal of Chinese economic and business studies 9 (2011) 2, pp. 205-216

Persistent link: https://www.econbiz.de/10009155755

The Measurement of Growth under Embodied Technical Change

LICANDRO, Omar; RUIZ-CASTILLO, Javier; DURAN, Jorge - Institut de Recherche Économique et Sociale (IRES), … - 2002

numbers, and (ii) when the growth rate is measured as in NIPA, the contribution of embodied technical change to per capital … GDP growth in the U.S. is 69%, which reinforce the claim that embodied technical change is important for growth. … technical change. The main findings are : (i) NIPA's methodology measures growth in accordance with the economic theory on index …

Persistent link: https://www.econbiz.de/10004985448

When economic growth is less than exponential

Groth, Christian; Koch, Karl-Josef; Steger, Thomas - In: Economic Theory 44 (2010) 2, pp. 213-242

Persistent link: https://www.econbiz.de/10008455950

Inter-Fuel Substitution, Energy Demand and Embodied Technical Change

Kratena, Kurt - 1999

This paper describes final energy demand for different fuels at a disaggregated level of 12 activities of the economy plus households. The model used combines single equations for total final energy demand with translog functions for inter-fuel substitution. At both stages embodied and...

Persistent link: https://www.econbiz.de/10011435045

Inter-fuel substitution, energy demand and embodied technical change

Kratena, Kurt - 1999

Persistent link: https://www.econbiz.de/10011491557

Entry, Exit and Investment-Specific Technical Change

Samaniego, Roberto M. - Department of Economics, University of Pennsylvania - 2008

Across industries, this paper finds that the rate of investment-specific technical change (ISTC) is positively related to rates of entry and exit. This finding is consistent with industry dynamics along the balanced growth path of a general equilibrium, multi-industry model of the plant...

Persistent link: https://www.econbiz.de/10005150210

Entry, Exit and Investment-Specific Technical Change, Second Version

Samaniego, Roberto M. - Department of Economics, University of Pennsylvania - 2008

Using European data, this paper finds that (1) industry entry and exit rates are positively related to industry rates of investment-specific technical change (ISTC); (2) the sensitivity of industry entry and exit rates to cross-country differences in entry costs depends on industry rates of...

Persistent link: https://www.econbiz.de/10004997516

Technical Change, Investment and Energy Intensity

Kratena, Kurt - In: Economic Systems Research 19 (2007) 3, pp. 295-314

embodied technical change induced by energy prices by adding an equation for (physical) capital stock accumulation. The model … technical change on energy intensity. The empirical results distinguish between industries with embodied technical change and …

Persistent link: https://www.econbiz.de/10005484880