This paper assesses the importance for structural transformation of three features of sectoral technology: labor-augmenting technological progress, capital intensity, and substitutability between capital and labor. We estimate CES production functions for agriculture, manufacturing, and services...

This paper analyses total factor productivity growth in China, and discusses the evidence regarding whether or not it increased after the implementation of market reforms in 1978. The paper addresses to two major issues. The first considers the case when technical progress in China was biased in...

This paper assesses how structural transformation is affected by sectoral differences in labor-augmenting technological progress, capital intensity, and substitutability between capital and labor. We estimate CES production functions for agriculture, manufacturing, and services on postwar US...

This study has been designed to obtain a model to plan rural development by developing food industry. To be made clear what industry shall we provide in a village or how to invest on it, we must identify the characteristics of that industry and determine the production-employment ratio with its...

This paper analyzes the theoretical underpinnings of producers’ willingness to pay (WTP) for novel inputs. In addition to conceptualizing the WTP function for producers, we derive its comparative statics and demonstrate the use of these properties to estimate input quantities demanded, outputs...

En este trabajo analizamos el uso creciente del concepto función de producción Cobb - Douglas, basado en la obra de Solow, en trabajos aplicados a la economía española, relacionados con la determinación de la posición cíclica y la contribución de los factores productivos al crecimiento....

The rapid growth in the last decades of the investments in research and development have generated an increased interest for assessing their contribution to economic growth. Researchers have tried to model the economic growth including also the technical progress – based on R&D expenditures-...

Целью статьи является моделирование зависимости объёма изготовленной продукции от таких факторов, как стоимость основных средств и трудовые ресурсы, которые...

The purpose of this paper is to analyse the impact of foreign direct investments net inflows on changes in GDP value in Poland in the period between 1994 and 2012 with the use of the Cobb-Douglas production function. The paper consist of five parts. Parts I and II present some aspects of the FDI...

This paper conducts an empirical analysis of information systems budget data focusing on the implications for the efficient production of information services. We use a model of the production of information services based on the economic theory of production to develop testable hypotheses for...