exposition of a new theoretical approach to the capital investment decisions of firms, stressing the irreversibility of most … theory of investment. The authors present the new theory in a clear and systematic way, and consolidate, synthesize, and … understanding investment behavior of firms; develops the implications of this theory for industry dynamics and for government policy …

the consequence of the occurrence of credit rationing on farmer's capital accumulation, investment and supply. The method … discount rate. Finally, if the uncertainty is introduced, then the level of investment spending and capital accumulation is … dynamic investment model, in which the upper bound on investment is introduced. The limit of the investment enables to analyse …

, research and development, innovations, backward and forward linkages, redundancy, sales, capital, etc.; finds that there is no …

substitution between capital and labour. While the shape of the technology frontier determines the long-run growth path and the … long-run elasticity, adjustment costs in technology choice allow capital labour complementarity in the short run. We … develop a class of production functions that are consistent with balanced growth even in the presence of permanent investment …

We show that allowing firms a choice of CES production techniques (via the distribution parameter between capital and … labor) can result in a new class of production functions that produces short-run capital-labor complementarity but yields a … production functions derived are consistent with a balanced growth path even in the presence of capital-augmenting technical …

even in the presence of capital-augmenting technical progress. Given a particular choice of technique, the production …

the data than the standard growth accounting framework and allows for a breakdown of labor productivity into capital … efficiency levels, while they diverged in capital deepening and technological progress. …

Qualifikationsentwicklung und die Lohnquote zu bestimmen. Zur Beantwortung der beiden empirischen Fragen verwendet die Studie ausgewählte … (verbesserte Durchschnittsqualifikation) und eine wichtige Determinante der gesunkenen Lohnquote. …

In a neoclassical economy with endogenous capital- and labor-augmenting technical change the steady-state growth rate … of output per worker is shown to increase in the elasticity of substitution between capital and labor. This confirms the …