کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
9555875 | 1377039 | 2005 | 22 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Extensive and intensive growth in a neoclassical framework
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کلمات کلیدی
موضوعات مرتبط
مهندسی و علوم پایه
ریاضیات
کنترل و بهینه سازی
پیش نمایش صفحه اول مقاله
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چکیده انگلیسی
Extensive growth based on the expansion of inputs is likely to be subject to diminishing returns. Therefore it is often viewed as having no effect on per-capita magnitudes in the long run. This essay argues that periods of extensive growth through capital accumulation may be a precursor to periods of intensive growth during which output per unit of input grows through endogenous technical change. Such a sequence of stages of development occurs as capital accumulation affects the incentives to engage in labor-saving technical change. A steady rise in the capital-labor ratio affects the relative scarcity of factors of production, their (expected) relative price, and induces innovation investments.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economic Dynamics and Control - Volume 29, Issue 8, August 2005, Pages 1427-1448
Journal: Journal of Economic Dynamics and Control - Volume 29, Issue 8, August 2005, Pages 1427-1448
نویسندگان
Andreas Irmen,