Magazine article from our research archive:
|
|
(Un)Balanced Growth
- Article from:
-
Economic Quarterly - Federal Reserve Bank of Richmond
- Article date:
-
October 1, 2004
- Author:
-
|
Copyright informationCopyright Federal Reserve Bank of Richmond Fall 2004. Provided by ProQuest LLC. (Hide copyright information)
|
Since the late 1800s, real output in the United States has been growing at a steady rate of about 3.5 percent per year (see Figure 1).1 With the exception of the 20 years between 1930 and 1950, the real aggregate capital stock of the United States has also been growing at that same steady rate. Thus, although output tripled and capital increased by a factor of 2.5 over this time period, the capital-output ratio remained roughly constant before 1930 and after 1950. Available data also indicate that the relative price of capital in terms of consumption goods has not changed much since the 1950s. In this article I review to what extent the stability of the aggregate capital accumulation ...
Related newspaper, magazine, and journal articles:
|
The dynamics of carbon and energy intensity in a model of endogenous...
The Energy Journal;
March 29, 2006 ;
700+ words
......explored different attempts to endogenise technical change in climate models. This recent literature...should play a major role when modeling technical change in climate models. The two inputs...main drivers of a climate-friendly technical change that eventually affect both energy...
|
|
Reversal of fortune: immiserizing technical change in agriculture.
American Journal of Agricultural Economics;
May 1, 1995 ;
700+ words
......1958) showed that growth (either from technical change or accumulation of factors) could...acknowledged in the literature on technical change in agriculture. This could be attributable...criterion for welfare losses arising from technical change that could be applied to the ...
|
|
The impact of regulation on technical change.
Southern Economic Journal;
April 1, 1999 ;
700+ words
......innovations also impacts the rate at which technical change occurs in an industry. The A-J hypothesis...literature. The impact of regulation on technical change has received less attention in the...magnify or dampen the rate at which technical change occurs. A magnification ...
|
|
(book reviews)
Industrial and Labor Relations Review;
October 1, 1994 ;
700+ words
......significant contributions to the process of technical change? In papers addressing a broad range...HRM activities during the process of technical change. Because the book highlights practical...evidence. Clark purposely focuses on technical change in only the narrow material sense...
|
|
Endogenous structural change and climate targets modeling experiments with...
The Energy Journal;
March 29, 2006 ;
700+ words
...This paper envisages endogenous technical change that results from the interplay between...Imaclim-R to study how modeling induced technical change affects costs of C[O.sub.2] stabilization...Doing so brings to light how induced technical change may not only lower stabilization costs...
|
|
Technical change theory and learning curves: patterns of progress in...
The Energy Journal;
July 1, 2007 ;
700+ words
......analysis of the effect of learning and technical change in electricity generation technologies...however, on the effect and measurement of technical change on output and growth. Technical change was treated as an exogenous phenomenon...
|
|
Decomposing technical change.
Southern Economic Journal;
July 1, 1993 ;
700+ words
......product-augmenting and factor-augmenting technical change. A parallel distinction is commonly made between embodied and disembodied technical change with the former associated with factor...focus on decomposing the sources of technical change that followed Solow's [6] seminal...
|
|
Cold facts collide with new paradigm The contribution of technical change...
The Independent - London;
June 28, 1999 ;
700+ words
......which is that the contribution of technical change to American economic growth has scarcely...economy. In fact, the latest burst of technical change has been considerably smaller than...Essentially, the contribution of technical change to GDP growth is calculated as follows...
|
|
LMI Aerospace acquires Ogden's Technical Change
Deseret News (Salt Lake City);
February 14, 2006 ;
99 words
......Aerospace Inc. said Monday it has acquired Technical Change Associates Inc., based in Ogden. Terms...defense and technology industries. Technical Change provides manufacturing, facility layout...business planning consulting services. Technical Change has provided lean manufacturing ...
|
|
Implications of the capital-embodiment revolution for directed R&D and...
Economic Quarterly - Federal Reserve Bank of Richmond;
October 1, 2003 ;
700+ words
......changed too. A natural candidate is technical change that has been "biased" toward skilled labor over this time. If the nature of technical change makes skilled workers relatively more...marginal productivities. But why should technical change be biased more toward skilled labor...
|
|
Price asymmetry in energy demand models: a proxy for energy-saving...
The Energy Journal;
March 1, 2005 ;
700+ words
......Thus what is in fact energy saving technical change is attributed to price asymmetry...explicitly controlling for energy saving technical change within a fixed effects model. I. INTRODUCTION...propose a filter to model price-induced technical change as a function of past maxima of ...
|
|
Technical change and productivity. (includes a related article on...
Finance & Development;
September 1, 1989 ;
700+ words
...Technical Change and Productivity Why is it that...during the 1970s and 1980s, while technical change - that is, the introduction, diffusion...this article focuses entirely on technical change, and not on the effects of macroeconomic...
|
|
Tools or toys? The impact of high technology on scholarly productivity
Economic Inquiry;
October 1, 2002 ;
700+ words
......Since the mid1980s a combination of technical change and deregulation has also reduced...measure the impact of generalized technical change on productivity in specific activities...scholarly publishing before and after technical change greatly lowered communication costs...
|
|
Total factor productivity - a misleading concept
Banca Nazionale del Lavoro Quarterly Review;
September 1, 2001 ;
700+ words
......criticise this concept as a measure of technical change and economic performance on two grounds...is not the appropriate measure of technical change, particularly if one considers the...technological revolution, in which technical change is embodied in computers and other...
|
|
Factor bias under stochastic technical change.
American Journal of Agricultural Economics;
August 1, 1995 ;
700+ words
......addition to overall increases in output, technical change is often assumed to favor increased...conclude that there was no bias in technical change over the 1935-85 study period. In...with the traditional approach), technical change was found to be biased. These results...
|
See all results.
Or, try our
Advanced Search.
|