FACTOR AUGMENTATION, FACTOR ELIMINATION, AND ECONOMIC GROWTH.

Economic growth theory distinguishes between reproducible and nonreproducible factors of production. In traditional growth models based on factor‐augmenting technical change, perpetual economic growth requires that each essential nonreproducible factor, such as labor, be augmented by a reproducible...

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Detalles Bibliográficos

Publicado en:	Economic Inquiry Vol. 57; no. 1; pp. 429 - 453
Autores principales:	Seater, John, Yenokyan, Karine
Formato:	Artículo
Publicado:	Wiley-Blackwell Jan2019
Materias:	Economic development Wage differentials Marginal productivity Research & development Economic opportunities
Acceso en línea:	Ver este registro en EBSCOhost