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This paper explores the relationship between aggregate and relative congestion, returns to scale and economic growth. Aggregate congestion reduces the effective productivity of capital; relative congestion reduces the effective productivity of labour. Both forms of congestion adversely affect...
Persistent link: https://www.econbiz.de/10013106808
This paper explores the relationship between aggregate and relative congestion, returns to scale and economic growth. Aggregate congestion reduces the effective productivity of capital; relative congestion reduces the effective productivity of labour. Both forms of congestion adversely affect...
Persistent link: https://www.econbiz.de/10014143523
Persistent link: https://www.econbiz.de/10011629704
This paper studies the economic costs of conflicts at the country and ethnic group settlement level with light output …
Persistent link: https://www.econbiz.de/10013021755
same time, costs of this growth have also been extremely high. These have been in the form of environmental degradation … outside the marketplace, evaluating costs and benefits involves value judgments of types which economists are not well …
Persistent link: https://www.econbiz.de/10013047056
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