Showing 1 - 10 of 38
Persistent link: https://www.econbiz.de/10001649248
Uzawaś steady-state growth theorem (Uzawa (1961)) is generalized to a neoclassical economy that uses current output, e. g., to create technical progress or to manufacture intermediates. The difference between aggregate final-good production and these resources is referred to as net output. The...
Persistent link: https://www.econbiz.de/10010210700
Persistent link: https://www.econbiz.de/10003766816
Persistent link: https://www.econbiz.de/10011916736
Persistent link: https://www.econbiz.de/10012550307
This paper develops a static model of endogenous task-based technical progress to study how factor scarcity induces technological progress and changes in factor prices. The equilibrium technology is multi-dimensional and not strongly factor-saving in the sense of Acemoglu (2010). Nevertheless,...
Persistent link: https://www.econbiz.de/10012200235
Persistent link: https://www.econbiz.de/10012258525
Persistent link: https://www.econbiz.de/10001186382
This paper extends the Lucas (1978) model of firm formation by taking into account a normalised CES function in the production process. In a general equilibrium framework it is proved that there is an inverse relation between the value of the elasticity of substitution and average firm size....
Persistent link: https://www.econbiz.de/10012968104
Persistent link: https://www.econbiz.de/10009738421