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Economics/Finances Biased Technical Change and Economic Conservation Laws

Posted on 2010-03-16




Name:Economics/Finances Biased Technical Change and Economic Conservation Laws
ASIN/ISBN:0387260552
Language:English
File size:1.7 Mb
Publisher: Springer
ISBN: 0387260552
Publish Date: edition 2006
File Type: PDF
Pages: 229 pages
File Size: 1,7 mb
   Economics/Finances Biased Technical Change and Economic Conservation Laws

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Biased Technical Change and Economic Conservation Laws (Research Monographs in Japan-U.S. Business and Economics)

Productivity of inputs is an important determinant of the competitiveness of firms in national and international markets. Productivity growth arises from deliberate decisions to innovate but the technological opportunities could be such that different inputs would have different rates of growth. Previous literature has mostly concentrated on labor productivity but empirical studies indicate that productivity of capital is also increasing. One of the objectives of this book is to examine the difference or bias in the productivity growth of the two inputs.

In this book, application of this general approach to study of biased technical change is developed and new empirical results presented for both macroeconomies and microeconomic firms.

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