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capitalism. They each analyse the evolution of competition and use this analysis to determine the growth prospects of mature … capitalism. Both reach pessimistic conclusions, although for different reasons. This paper critically examines the analysis of …
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accounting school appears due to limitations existing in the measures in efficiency units of the quality of the real investment …, because of the investment is not really comparable along the time. The analysis is based in to adjust the quality or … productivity of the investment goods constructing hedonic prices indices. This school is represented among others by Hulten (1992 …
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Prettner (2019) studies the implications of automation for economic growth and the labor share in a variant of the Solow-Swan model. The aggregate production function allows for two types of capital, traditional and automation capital. Traditional capital and labor are imperfect substitutes...
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