Sectoral Output-Capital Ratios and Levels of Economic Development
A Cross-Sectional Comparison of Manufacturing Industry
Bibliographic Data
| ID | 19316555 |
|---|---|
| Authors | Young Chin Kim (corresponding author) |
| Year | 1969 |
| Volume | 51 |
| Issue | 4 |
| Pages | 453 |
| Publication date | 1969-11-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | The Review of Economics and Statistics (JOURNAL) |
| Journal identifiers | ISSN: 0034-6535 • E-ISSN: 1530-9142 |
| Publisher | JSTOR (PUBLISHER) |
| DOI | 10.2307/1926437 |
| OpenAlex | W2010344765 |
| Language | EN |
| Citations received | 5 |
| References cited | 6 |
T HE concept of the capital-output ratio has played an almost indispensable part in economic planning in underdeveloped countries, notwithstanding numerous theoretical objections. The range of areas in which the concept is brought into play stretches from judgement-free projections of capital requirements and of future growth rates to the wise man's role of setting an acceptable target rate of growth and of selecting investment criteria. However, progress has been seriously hampered partly because the available empirical evidence has been very limited in the coverage of various countries and also in the level of sectoral disaggregation.' In the present paper, we make use of certain new data whose analysis seems to suggest that the conventional notion of relative factor-endowments and choice of production techniques needs to be re-examined. The main objectives of this study are two: first, we present a comprehensive statistical analysis of detailed sectoral output-capital ratios for a large number of countries. Second, in doing so, this paper will point to a surprising characteristic of present-day economic underdevelopment. This evidence has a significant bearing on a number of related topics
Agricultural economics · Business · Capital (architecture) · Cross-sectional study · Economics · Geography · Manufacturing · Statistics · Economic Growth and Productivity · Economic Theory and Policy · Fiscal Policy and Economic Growth · Marketing · Mathematics
The Optimal Utilization of Capital Stock and the Level of Economic Development
The utilization of capital and the growth of output in a developing economy
Determinants of capacity utilization by firms in less developed countries
Some indirect estimates of Eastern European capital stocks and factor productivity
The Cross-Sectional, Inter-Industry Structure of Capital Utilization in a Developing Economy
| Unique citing works | 5 |
|---|---|
| Citations per year | 0.1 |
| Citation span | 1974 - 1982 (9) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 4 |