Technical Progress and Outputs under Variable Returns to Scale
Bibliographic Data
| ID | 9726667 |
|---|---|
| Authors | Jai-Young Choi, Jai‐Young Choi, Eden S H Yu |
| Year | 1987 |
| Volume | 54 |
| Issue | 214 |
| Pages | 249 |
| Publication date | 1987-05-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Economica (JOURNAL) |
| Journal identifiers | ISSN: 0013-0427 • E-ISSN: 1468-0335 |
| Publisher | JSTOR (PUBLISHER) |
| DOI | 10.2307/2554394 |
| OpenAlex | W2073828456 |
| Language | EN |
| Citations received | 1 |
| References cited | 3 |
This paper analyzes the implications of three types of technical progress on outputs in a variable returns-to-scale framework. It is shown that Hicks-ne utral technical improvement is ultra-biased in production regardless of the direction and severity of the returns to scale. The output eff ect of intensive-factor-saving technical progress is more ultra-biase d (relative to neutral progress) regardless of the industrial pattern of returns to scale. These results may break down if the system unde r variable returns to scale is unstable. Intensive-factor-using techn ical progress, however, may have any output effect. Copyright 1987 by The Review of Economic Studies Limited
Econometrics · Economics · Macroeconomics · Physics · Production (economics) · Returns to scale · Scale (ratio) · Scale effects · Technical progress · Variable (mathematics) · Economic Growth and Productivity · Economic theories and models · Fiscal Policy and Economic Growth · Mathematics
| Unique citing works | 1 |
|---|---|
| Citations per year | 0,03 |
| Citation span | 1994 - 1994 (1) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 1 |