By Ryuzo Sato
Productiveness of inputs is a crucial determinant of the competitiveness of businesses in nationwide and foreign markets. productiveness progress arises from planned judgements to innovate however the technological possibilities can be such that assorted inputs could have various premiums of development. past literature has ordinarily focused on hard work productiveness yet empirical stories point out that productiveness of capital can also be expanding. one of many goals of this publication is to envision the adaptation or bias within the productiveness progress of the 2 inputs. during this e-book, software of this basic method of examine of biased technical swap is constructed and new empirical effects awarded for either macroeconomies and microeconomic companies.
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Additional resources for Biased Technical Change and Economic Conservation Laws (Research Monographs in Japan-U.S. Business and Economics)
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