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This note proposes a growth model that is derived from the standard Solow growth model by replacing the neoclassical production function with Kaldor's technical progress function while maintaining a marginalist theory of factor prices in the spirit suggested by von Weizsäcker (1966, 1966b). The...
Persistent link: https://www.econbiz.de/10011374993
This paper evaluates, from an Allyn Youngian perspective, the neoclassical Solow model of growth and the associated empirical estimates of the sources of growth based on it. It attempts to clarify Young’s particular concept of generalised or macroeconomic “increasing returns” to show the...
Persistent link: https://www.econbiz.de/10005784815
Although the branch of economics that deals with economic evolution has become established during the last couple of decades, its aims and potentials can most easily be understood on the background of the work of early pioneers. Joseph A. Schumpeter’s contribution not only analysed capitalist...
Persistent link: https://www.econbiz.de/10008459828
We analyze the production factor which is behind the phenomenon of the de-materialization of advanced economies: synergic combinations of electronic hardware and software, which are capable of manipulating symbols autonomously and modifying themselves - forms of 'intelligent' capital because...
Persistent link: https://www.econbiz.de/10005345832
This note proposes a growth model that is derived from the standard Solow growth model by replacing the neoclassical production function with Kaldor’s technical progress function while maintaining a marginalist theory of factor prices in the spirit suggested by von Weizsäcker (1966, 1966b)....
Persistent link: https://www.econbiz.de/10010427670
This note proposes a growth model that is derived from the standard Solow growth model by replacing the neoclassical production function with Kaldor’s technical progress function while maintaining a marginalist theory of factor prices in the spirit suggested by von Weizsäcker (1966, 1966b)....
Persistent link: https://www.econbiz.de/10010427671
I denna uppsats visas att Dahmén redan 1939 hade kommit fram till den grundläggande transformationsteoretiska syn han redovisade i sin licentiat avhandling av 1942. I en djuplodande analys av felinvesteringarnas roll i långsiktiga utvecklingsförlopp grundlade Dahmén 1939 för det...
Persistent link: https://www.econbiz.de/10005642435
This note proposes a growth model that is derived from the standard Solow growth model by replacing the neoclassical production function with Kaldor’s technical progress function while maintaining a marginalist theory of factor prices in the spirit suggested by von Weizsäcker (1966, 1966b)....
Persistent link: https://www.econbiz.de/10011210870
This note proposes a growth model that is derived from the standard Solow growth model by replacing the neoclassical production function with Kaldor’s technical progress function while maintaining a marginalist theory of factor prices in the spirit suggested by von Weizsäcker (1966, 1966b)....
Persistent link: https://www.econbiz.de/10011210877
This note proposes a growth model that is derived from the standard Solow growth model by replacing the neoclassical production function with Kaldor's technical progress function while maintaining a marginalist theory of factor prices in the spirit suggested by von Weizsäcker (1966, 1966b). The...
Persistent link: https://www.econbiz.de/10011281275