منابع مشابه
Capital, Labor, and Productivity
IN A PREVIOUS PAPER I explored two suggestions about how to understand time-series and cross-country variations in measured total factor productivity growth: increases in the labor force might slow technological change and increases in capital might speed it up. 1 Neither suggestion was new. The conjecture about the effect of labor dates back, at least, to attempts to explain the divergence in ...
متن کاملProductivity, Capital and Labor in Labor-Managed and Conventional Firms
Despite a continuing interest in the compared efficiency of labor-managed and conventional firms, only a handful of comparative empirical studies exist. These studies suggest that labor-managed firms have the same productivity levels as conventional ones, but organize production differently. However, the data used in these studies cover a single industry, or firms matched by industry and size i...
متن کاملProductivity , Capital and Labor in Labor - Managed and Conventional
Despite a continuing interest in the compared efficiency of labor-managed and conventional firms, only a handful of comparative empirical studies exist. These studies suggest that labor-managed firms have the same productivity levels as conventional ones, but organize production differently. However, the data used in these studies cover a single industry, or firms matched by industry and size i...
متن کاملCapital-labor Substitution and Economic Efficiency1
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متن کاملLabor- and Capital-augmenting Technical Change
I analyze an economy in which firms can undertake both laborand capital-augmenting technological improvements. In the long run, the economy resembles the standard growth model with purely labor-augmenting technical change, and the share of labor in GDP is constant. Along the transition path, however, there is capital-augmenting technical change and factor shares change. Tax policy and changes i...
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ژورنال
عنوان ژورنال: The Journal of Finance
سال: 2017
ISSN: 0022-1082
DOI: 10.1111/jofi.12542