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(i) gross fixed capital formation does not equal investment, (ii) investment does not equal the value of fixed assets …Data on physical capital are an indispensable part of economic growth and efficiency studies. In the case of China …, fixed asset time series are usually derived either by aggregating gross fixed capital formation data over time, net of …
Persistent link: https://www.econbiz.de/10005556078
The emphasis of capital theory in recent decades has moved away from the implications of useful life as an important … cannot obtain consistent aggregates of capital stock and replacement investment. … economic variable and has turned on the microeconomic and macroeconomic consequences of investment irreversibilities. Thus the …
Persistent link: https://www.econbiz.de/10005126207
procedures, to varying degrees, ignore that (i) gross fixed capital formation does not equal investment, (ii) investment does not …Data on physical capital are an indispensable part of economic growth and efficiency studies. In the case of China …, economy-wide fixed asset series are usually derived by aggregating gross fixed capital formation (net of depreciation) over …
Persistent link: https://www.econbiz.de/10005412585
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 function, in which capital services S stands instead of capital … stock K, while the state of the production system itself is specified by the technological index 'alpha'. Capital stock …
Persistent link: https://www.econbiz.de/10005134973
This research develops a theory about the role of within-country income inequality leading to overtaking in economic … performance among countries. The theory captures two opposing effects of inequality on factor accumulation and suggests that the …
Persistent link: https://www.econbiz.de/10005556070
In this paper, we have obtained closed-form solutions in Cass-Koopmans growth models with heterogeneous agents. The relationship between the form of production function and the dynamics of income distribution is made explicit. We then use this relationship to determine what production structure...
Persistent link: https://www.econbiz.de/10005125654
This paper uses workplace-level data from the Australian Workplace Industrial Relations Survey to examine the extent to which the use of training and/or innovation by a workplace increases the likelihood that is has higher labour productivity than its competitiors, and experiences high labour...
Persistent link: https://www.econbiz.de/10005556779
The Venture capital (VC) industry in India is of recent origin. However, the average investment value of each deal in … by government to promote venture capitalism in India provide an opportunity for an examination of venture capital … South East Asia in general, the author anticipated that the investment criteria employed by Venture Capital Firms (VCs) in …
Persistent link: https://www.econbiz.de/10005134795
This note shows that, with pre-set price and capital decisions of firms facing uncertainty and financial market … imperfections, price, mark up and the expected degree of capacity utilization (resp. capital) decreases (resp. increases) with the …
Persistent link: https://www.econbiz.de/10005134898
valuación de activos de capital, obtener evidencia en cuanto a la relevancia de la información contable en la valuación del …
Persistent link: https://www.econbiz.de/10005134899