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It is assumed that performance of production system can be described with the three variables: amount of production equipment -- capital stock $K$ and 'consumption' of labour L and capital services S. It is shown that the production function can be specified as the known Cobb- Douglas production...
Persistent link: https://www.econbiz.de/10005134973
The paper analyzes investment behavior of industrial enterprises in the period immediately following price and foreign … microeconomic decisions. A dynamic investment function with symmetric adjustment cost function based on the Euler equation has been … estimated. The derived and estimated investment function accounts for export sales in order to determine whether firms evaluate …
Persistent link: https://www.econbiz.de/10005118676
During the 1960s most of the countries of Eastern Europe experienced a visible retardation of economic growth. This paper supports the view of many Eastern as well as Western economists that the retardation was caused primarily by declining rates of growth of the total factor productivity. The...
Persistent link: https://www.econbiz.de/10005125000
This paper builds a production function of skilled and unskilled labour for the economy that does not grow. The paper uses the constant elasticity of substitution production function (CES) of skilled and unskilled labour on the micro level as an important building stone. The paper obtains a...
Persistent link: https://www.econbiz.de/10005125802
This study presents estimation of production functions for the Soviet industry from the 1951—1970 data. Different specifications and estimation procedures were tried. The results diverged on a wide range and this may have serious implications. The paper shows possible effects of different...
Persistent link: https://www.econbiz.de/10005407937
effects of health on the output of Fiji for the period 1970 to 2002. …
Persistent link: https://www.econbiz.de/10005412824
In this paper we try to explain some restructuring patterns of Czech textile and clothing industries from a microeconomic point of view. We introduce two measures of production efficiency (the technical and the allocative efficiency) and look at changes in the behaviour of enterprises. In 1994,...
Persistent link: https://www.econbiz.de/10005412948
Compared to many cross-country studies on the determinants of growth rate, time series approaches are relatively few and limited in scope. However, time series studies are useful for country-specific policies. But in many recent works ad hoc specifications have been used to analyze the...
Persistent link: https://www.econbiz.de/10005561111
This research demonstrates that human capital accumulation by the poor is only possible if a minimum level of health … and health care, and finance is not available for this purpose, a poverty trap exists with low health, education and … nutrition and health impairing human potential, and in particular early child development. This link between health and …
Persistent link: https://www.econbiz.de/10005125667
that longevity and health have had a minor effect, if any, on the transition from stagnation to growth via investment in … also casts doubts on recent findings about a positive effect of health on education. This is because health raises the …
Persistent link: https://www.econbiz.de/10005125680