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Literature regarding the empirical application of the weak-disposability-of-inputs (WDI) production function is reviewed. An empirical model is used to analyze the bias in technical innovation in both the prewar and postsaving technological progress in Japan was of the...
Persistent link: https://www.econbiz.de/10015146994
Discussion of the classical model of the development process, emphasizing the impact of a rise in the price of agricultural relative to industrial goods on the supply of labour to the industrial sector. It is shown that this model hypothesizes that as the terms of trade turn against industry,...
Persistent link: https://www.econbiz.de/10015146916