Biased technical change and economic conservation laws
Author(s)
Bibliographic Information
Biased technical change and economic conservation laws
（Research monographs in Japan-U.S. business & economics / series editors, Rama V. Ramachandran, Ryuzo Sato, 9）
Springer, c2006
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Note
Includes bibliographical references and index
Description and Table of Contents
Description
Productivity of inputs is an important determinant of the competitiveness of firms in national and international markets. Productivity growth arises from deliberate decisions to innovate but the technological opportunities could be such that different inputs would have different rates of growth. Previous literature has mostly concentrated on labor productivity but empirical studies indicate that productivity of capital is also increasing. One of the objectives of this book is to examine the difference or bias in the productivity growth of the two inputs.
In this book, application of this general approach to study of biased technical change is developed and new empirical results presented for both macroeconomies and microeconomic firms.
Table of Contents
An Overview.- An Overview.- Biased Technical Change.- The Stability of the Solow-Swan Model with Biased Technical Change.- A Model of Optimal Economic Growth with Endogenous Bias.- A Three Sector Model of Endogenous Hicksian Bias.- Estimation of Biased Technical Progress.- A Note on Modelling Endogenous Growth.- Technical Change and International Competition.- Economic Conservation Laws.- Optimal Economic Growth: Test of Income/Wealth Conservation Laws in OECD Countries.- Economic Conservation Laws as Indices of Corporate Performance.- Empirical Tests of the Total Value Conservation Law of the Firm.- Hartwick's Rule and Economic Conservation Laws.
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