growth rate of productivity is an increasing function of the share of capital. It is assumed that the industrial sector has a … higher capital share than the agricultural sector and that the ability to substitute one output for the other slowly rises …

Addresses the question of causality between public capital and private production in Australia. Representations for … private production; Long-run elasticities; Short-run dynamics; Relationship between public capital and employment. …

closely linked to the development of social institutions, in particular of state institutions. Capital, the most recent form …

statistics - measured in income or capital - lies in the way the measures are constructed. Any measure of the total value of … capital relies on a common denominator of that value, a numeraire, the choice of which also determines the dynamic development … slow (exogenous) depletion of resources. It is shown that the choice of the numeraire determines the form of the capital …

This essay provides a simple, non-technical reformulation of Marx’s theoretical treatment of value and capital. It …

possibility under a noise shock framework, I incorporate endogenous capital accumulation in a New Keynesian model and solve for … model and that without capital, but inclusion of capital significantly dampens the size of noise shocks: excluding capital … raises the initial response of output to a noise shock by more than double. As usable capital on impact is fixed, labor …

) on bank capital, risk, and performance. We find that high risk weighted asset ratios tend to attract supervisory …