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The elasticities of complementarity and substitution
Broer, Dirk Peter - 2004
This paper argues that the conventional definition of the elasticity of complementarity is not well suited to deal with the case of increasing returns. It proposes a slightly different formula, that uses a distance function formulation instead of a production function. The proposed definition...
Persistent link: https://www.econbiz.de/10011337999
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Ex-ante Evaluation of a Policy's Effect on Productivity : The Substitution and Scale Effects of Carbon Taxation on Power Plant Productivity
Flynn, Zach - 2019
I develop a general framework for ex-ante analysis of a policy's effect on productivity. I use it to study the effect of carbon taxation on power plant productivity in the United States. Carbon taxes increase the price of burning fossil fuels, potentially encouraging power plants to be more fuel...
Persistent link: https://www.econbiz.de/10012898640
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Features of the production factors substitution and the estimated parameters of the Cobb-Douglas production function with constant returns to scale and disembodied technical change
Pavelescu, Florin Marius - In: Revista română de economie 45 (2017), pp. 134-152
Persistent link: https://www.econbiz.de/10011954140
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Dynamic Structure, Exogeneity, Phase Portraits, Growth Paths, and Scale and Substitution Elasticities
Jensen, Bjarne S.; Alsholm, Preben K.; Larsen, Mogens E.; … - 2005
The paper studies autonomous dynamic systems that allow for the existence of economic growth per capita without dynamically generating explosive solutions. The implications of any degree of homogeneity, including increasing returns to scale in production, must be carefully examined in two and...
Persistent link: https://www.econbiz.de/10014067084
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Substitution and Returns to Scale in R&D
Glass, Amy Jocelyn - 1999
We build a quality ladders product cycle model with Northern innovation, Northern imitation, and Southern imitation. Our model generalizes Segerstrom (1991) to allow Southern imitation and Grossman and Helpman (1991a) to allow Northern imitation. We show how changes in resources, resource...
Persistent link: https://www.econbiz.de/10014188270
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Barriers facing the transition toward sustainable energy system in Kuwait
Alsayegh, Osamah A. - In: Energy strategy reviews 38 (2021), pp. 1-12
From the highest political ruling institute through the Amir of the State of Kuwait, the country announced its keenness … technology systems is less than 1%. Furthermore, current indications imply that Kuwait will not reach the renewable energy target … by 2030. This paper models the current system structure in pursuing the transition toward energy sustainability in Kuwait …
Persistent link: https://www.econbiz.de/10013185671
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An analysis of demand for oil products in Middle East countries
Abdulhadi, Dhari al- - In: International journal of economic perspectives : IJEP 8 (2014) 4, pp. 5-12
Persistent link: https://www.econbiz.de/10011579359
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The role of factor substitution and technical progress in China's great expansion
Manu, Ana-Simona; McAdam, Peter; Willman, Alpo - 2018
We offer a macroeconomic assessment of China’s Reform Period, highlighting several neglected channels underlining its great expansion. Estimating the supply side of the post-Reform economy reveals the relatively high (above unity) value of the elasticity of factor substitution and the...
Persistent link: https://www.econbiz.de/10011904381
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Labour market regulations and capital labour substitution
Cette, Gilbert; Lopez, Jimmy; Mairesse, Jacques - 2016
Persistent link: https://www.econbiz.de/10011578508
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Micro-mechanisms behind declining labour shares : market power, production processes, and global competition
Mertens, Matthias - 2019
This article investigates how changing production processes and increasing market power at the firm level relate to a fall in Germany’s manufacturing sector labour share. Coinciding with the fall of the labour share, I document a rise in firms’ product and labour market power. Notably,...
Persistent link: https://www.econbiz.de/10011975260