Download or read book Patterns of Technical Change and Capital Accumulation written by Karl Lee Shell and published by . This book was released on 1965 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Trade Pattern Reversal written by Klaus Wälde and published by . This book was released on 1994 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Convergence Divergence and Changing Trade Patterns written by Klaus Wälde and published by Springer Science & Business Media. This book was released on 2013-04-17 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: 1. Introduction and overview Until still few years ago, economic growth theory (going back to Solow, 1956; for an introduction cf. Burmeister and Dobell, 1970) predicted convergence of both growth rates and level of per capita income of economies which share identical preferences, technologies and same population growth rates, independently of initial conditions. Countries with a low capital stock grow faster than those with a higher capital stock, until, in the long-run, they all converge to a common constant growth rate. This prediction is due to the way how growth is "explained" in models of this kind. Growth of output per capita resulted, in the simplest model, from an exogenous growth oflabour productivity (see e. g. Sala-i-Martin, 1990; Grossman and Helpman, 1991a, ch. 2). Si!1ce this increase of productivity is exogenously given, the model itselfdoes not give any explanation ofits source. The prediction ofconvergence ofgrowth rates, itself, is very doubtful and observations show, that on an international level either convergence is not given at all, or that it takes a very long time. The literature of the "new" theory of growth provides a rich variety of models whose theoretical implications range from divergence to convergence and thus offers much better working tools in order to analyze real world observations. These models (starting with Romer, 1986 and Lucas, 1988) explain growth of GNP or per capita income from within the model by includingexternal effects such as a public stock ofknowledge capital (e. g.
Download or read book On Concepts of Capital and Technical Change written by Thomas K. Rymes and published by CUP Archive. This book was released on 1971-09-30 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Explaining Long Term Economic Change written by J. L. Anderson and published by Cambridge University Press. This book was released on 1995-09-28 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: A concise and accessible examination of the established models used to explain long-term and large-scale economic change.
Download or read book The Economics of Technical Change and International Trade written by Giovanni Dosi and published by . This book was released on 1990 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Accumulation Innovation written by Renelson Ribeiro Sampaio and published by Pimenta Cultural. This book was released on 2021-11-16 with total page 235 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work focuses on the experience of a Brazilian cassava starch agro-industry in developing its technological capabilities since 1917, when it was first established. Its main purpose is to explore how the process of technological progress which occurred along with that industrialization, especially regarding the starch industry, has been determined by the following variables: I) the pattern of capital accumulation, II) the capability of the related technical base to both the promotion or absorption of technological changes, and III) firms' strategies towards innovation.
Download or read book Capital Accumulation Technological Progress and Economic Growth written by Norton Charles Seeber and published by . This book was released on 1959 with total page 492 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Capital Accumulation Technical Progress and Economic Growth written by Chong-il Kim and published by . This book was released on 1992 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Three Essays on Capital Accumulation Distribution and Technological Change written by Gilberto Tadeu Lima and published by . This book was released on 1997 with total page 406 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Development Patterns in Multi Sector Growth Models written by Bernabé Edgar Cruz González and published by . This book was released on 2016 with total page 163 pages. Available in PDF, EPUB and Kindle. Book excerpt: Common patterns of structural change in the sectoral composition of production, consumption and labor force are observed across countries during the economic development process. These patterns of change consist mainly of a large shift of employment, production and consumption from agriculture to manufacturing, and then from manufacturing to the service sector. This process of structural transformation or structural change has been extensively documented. Empirical evidence shows that the decline in the employment share of agriculture and the increase in employment share of service is a systematic feature in both developed and developing countries. In this regard, there is a growing literature that investigates the economic factors explaining both economic growth and structural change in a general equilibrium framework. Based on their assumptions on the structure of preferences and the sectoral production technologies, models of structural change are classified in two broad approaches: the demand and the supply explanations of structural change. The demand-based explanation emphasizes the role of changes in the composition of the demand on structural change. In this branch of the literature, demand changes are based on the assumption of cross-sector differences in income-elasticity of the demand. Therefore, structural change is driven by the Engel law: as income rises, demand for agriculture goods decreases and less labor is demanded in the agriculture sector to produce goods. Thus, labor moves to those sectors that are facing an increasing demand for goods and services. Consequently, the shares of employment and value added in agriculture decrease as income increases, which is consistent with empirical evidence. The supply-based explanation emphasizes the role of technological differences across sectors to explain structural transformations. In this branch of the literature, sectoral differences in the growth rates of total factor productivity (TFP), on the one hand, and sectoral differences in physical capital intensity, on the other hand, drive structural change. In the first case, when there are only sectoral differences in the pace of technological progress, less labor is required to produce goods in the progressive sectors (those sectors with the highest TFP growth rates) and labor moves from the progressive to the stagnant sectors (those sectors with the lowest TFP growth rates). In the second case, as capital deepening takes place, less labor is demanded to produce goods in the capital-intensive sectors and labor moves from these sectors to the labor-intensive ones. This thesis contributes to the literature on economic growth and structural change by analyzing three novel mechanisms. The three self-contained chapters of this Thesis analyze the effects non-constant technological progress, human capital accumulation, and changes in the uses of time on structural change and their implications on economic growth. The first chapter analyses the effect of technological adoption on structural change. The observed differences in the patterns of industrialization are explained based on sectoral differences in the adoption of technologies. This chapter makes to clear contributions to related literature. First, a technological adoption function is estimated at the sectoral level. Second, the equilibrium of a model of structural change with non-constant biased technological change is characterized. The comparison with the results obtained in the literature show that this model with adoption has a better performance in explaining the patterns of structural change. The second chapter analyses the effect of human capital accumulation on the sectoral composition of employment. To this end, it develops a multisector growth model with human capital accumulation. The main contribution is to show that the initial imbalance between physical and human capital determines the patterns of structural change. The analysis of this chapter is challenging, which shows the huge capacity of Edgar to work with different growth models. The third chapter analyses how the increase in leisure time contributes to explain the rise of the service sector. This chapter makes three contributions. First, using input-output data, it measures the size and evolution of the sector of recreational services. These are services consumed during the leisure time. It is shown that the increase in the time devoted to leisure is parallel to the increase in the consumption of recreational services. Second, a multisector exogenous growth model is used to show that taking into account the interaction between leisure and recreational services improves the performance of multisector growth models in explaining the patterns of structural change. Finally, this model is used to show that labor income taxes may explain cross-country differences in both leisure time and the sectoral composition of employment.
Download or read book Unholy Trinity written by Duncan K. Foley and published by Routledge. This book was released on 2003-03-27 with total page 111 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explores the relations between contemporary complex systems theory and Classical political economy, and applies the methods it develops to the problems of induced technical change and income distribution in capitalist economies.
Download or read book Unequal Development and Capitalism written by Adalmir Antonio Marquetti and published by Taylor & Francis. This book was released on 2024-06-03 with total page 187 pages. Available in PDF, EPUB and Kindle. Book excerpt: Unequal development has been a defining characteristic of capitalism. Throughout history, countries and regions have exhibited differences in labor productivity growth – a key determinant in poverty reduction and development – and although some nations may catch up with the productivity levels or well-being of developed economies at times, others fall behind. This book explores these processes of catching up and falling behind of developing countries from Asia, Latin America, Central and Eastern Europe, and Africa in relation to the US economy from 1970 to 2019. The research presented in this book integrates a historical interpretation of post-World War II capitalism with economic theory and empirical analysis. By exploring the historical experiences of these countries, the book provides an overview of their economic transformations. The interplay between technical change, profit rate and capital accumulation, on one hand, and institutional change, on the other, are combined to explain the dynamics of catching up or falling behind in labor and capital productivities. Furthermore, the book provides, from the perspective of developing countries, fundamental lessons for the implementation of successful strategies for catching up and development. This book is a major resource for readers interested in economic growth and development, heterodox macroeconomics, development economics, and related areas.
Download or read book Technical Change and Accumulation Capitalism and Socialism written by Frank Wilson Thompson and published by . This book was released on 1998 with total page 524 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Capital Accumulation and Economic Development written by Shanti S. Tangri and published by . This book was released on 1967 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Growth and Distribution written by Duncan K. Foley and published by . This book was released on 2019-02 with total page 417 pages. Available in PDF, EPUB and Kindle. Book excerpt: Authors Foley, Michl, and Tavani offer a major revision of an established textbook on the theory, measurement, and history of economic growth, with new material on climate change, corporate capitalism, and innovation.
Download or read book Global Productivity written by Alistair Dieppe and published by World Bank Publications. This book was released on 2021-06-09 with total page 552 pages. Available in PDF, EPUB and Kindle. Book excerpt: The COVID-19 pandemic struck the global economy after a decade that featured a broad-based slowdown in productivity growth. Global Productivity: Trends, Drivers, and Policies presents the first comprehensive analysis of the evolution and drivers of productivity growth, examines the effects of COVID-19 on productivity, and discusses a wide range of policies needed to rekindle productivity growth. The book also provides a far-reaching data set of multiple measures of productivity for up to 164 advanced economies and emerging market and developing economies, and it introduces a new sectoral database of productivity. The World Bank has created an extraordinary book on productivity, covering a large group of countries and using a wide variety of data sources. There is an emphasis on emerging and developing economies, whereas the prior literature has concentrated on developed economies. The book seeks to understand growth patterns and quantify the role of (among other things) the reallocation of factors, technological change, and the impact of natural disasters, including the COVID-19 pandemic. This book is must-reading for specialists in emerging economies but also provides deep insights for anyone interested in economic growth and productivity. Martin Neil Baily Senior Fellow, The Brookings Institution Former Chair, U.S. President’s Council of Economic Advisers This is an important book at a critical time. As the book notes, global productivity growth had already been slowing prior to the COVID-19 pandemic and collapses with the pandemic. If we want an effective recovery, we have to understand what was driving these long-run trends. The book presents a novel global approach to examining the levels, growth rates, and drivers of productivity growth. For anyone wanting to understand or influence productivity growth, this is an essential read. Nicholas Bloom William D. Eberle Professor of Economics, Stanford University The COVID-19 pandemic hit a global economy that was already struggling with an adverse pre-existing condition—slow productivity growth. This extraordinarily valuable and timely book brings considerable new evidence that shows the broad-based, long-standing nature of the slowdown. It is comprehensive, with an exceptional focus on emerging market and developing economies. Importantly, it shows how severe disasters (of which COVID-19 is just the latest) typically harm productivity. There are no silver bullets, but the book suggests sensible strategies to improve growth prospects. John Fernald Schroders Chaired Professor of European Competitiveness and Reform and Professor of Economics, INSEAD
