منابع مشابه
In-use product stocks link manufactured capital to natural capital.
In-use stock of a product is the amount of the product in active use. In-use product stocks provide various functions or services on which we rely in our daily work and lives, and the concept of in-use product stock for industrial ecologists is similar to the concept of net manufactured capital stock for economists. This study estimates historical physical in-use stocks of 91 products and 9 pro...
متن کاملSeasonal Solow Residuals and Christmas: A Case for Labor Hoarding and Increasing Returns
In aggregate unadjusted data, measured Solow residuals exhibit large seasonal variations. Total Factor Productivity grows rapidly in the fourth quarter at an annual rate of 16 percent and regresses sharply in the ...rst quarter at an annual rate of ¡24 percent. This paper considers two potential explanations for the measured seasonal variation in the Solow residual: labor hoarding and increasin...
متن کاملFractalNet: Ultra-Deep Neural Networks without Residuals
We introduce a design strategy for neural network macro-architecture based on selfsimilarity. Repeated application of a single expansion rule generates an extremely deep network whose structural layout is precisely a truncated fractal. Such a network contains interacting subpaths of different lengths, but does not include any pass-through connections: every internal signal is transformed by a f...
متن کاملHeterogeneous capital stocks and the optimal timing for CO2 abatement
Some recent research suggests benefits to a delayed CO2 emission reduction strategy. If the target level of atmospheric CO2 concentration can be achieved in spite of delay, several factors suggest economic benefits to a delay strategy. However, the analyses that lead to these conclusions typically ignore or underestimate the significant heterogeneity in the turnover rate of society’s capital st...
متن کاملMalthus to Solow.
"A unified growth theory is developed that accounts for the roughly constant living standards displayed by world economies prior to 1800 as well as the growing living standards exhibited by modern industrial economies. Our theory also explains the industrial revolution, which is the transition from an era when per capita incomes are stagnant to one with sustained growth.... [The authors] use a ...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Journal of Development Economics
سال: 2014
ISSN: 0304-3878
DOI: 10.1016/j.jdeveco.2014.03.007