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tell us what capital is. Liberals and Marxists both think of capital as an 'economic' entity that they count in universal …-existing units, their theories hang in suspension. They cannot explain the process that matters most – the accumulation of capital …. This book offers a radical alternative. According to the authors, capital is not a narrow economic entity, but a symbolic …
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relationship between investments in technology capital and productivity. To measure agricultural total factor productivity (TFP) we … employ a Solow-type growth accounting method to decompose output growth into input and TFP growth. For technology capital we … countries. We then correlate technology capital levels with long-term growth rates in agricultural TFP. Our findings show that …
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We propose a sectoral–shift theory of aggregate factor productivity for a class of economies with AK technologies … persistent endogenous fluctuations in the sectoral distribution of physical capital which, in turn, responds to reversible … exogenous shifts in relative sector productivities. Surplus capital from less productive sectors is lent to more productive ones …
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Economists have long debated the best way to explain the sources of productivity growth. Neoclassical theory and "new … growth" theory both regard investment—broadly defined to include purchases of tangible assets, human capital expenditures …, and research and development efforts—as a critical source of productivity growth, but they differ in fundamental ways …
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high-technology and the transnationalisation of ownership – are all woven into a single story. The result is a fascinating …
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world’s dominant capital groups have become discontented with neoliberal globalization; (2) to speculate on what may replace …
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