Cover Image
QR Code

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...

Full description

Published in:Economic Inquiry Vol. 57; no. 1; pp. 429 - 453
Main Authors: Seater, John, Yenokyan, Karine
Format: Article
Published: Wiley-Blackwell Jan2019
Subjects:
Economic development
Wage differentials
Marginal productivity
Research & development
Economic opportunities
Online Access:View this record in EBSCOhost

Internet

View this record in EBSCOhost