The economic market outcomes and income distribution when capital is not homogeneous: Limits of technology

The economic market outcomes and income distribution when capital is not homogeneous: Limits of technology

Purpose – An aggregate production function has been used in macroeconomic analysis for a long time, even though it seems that it is conceptually confusing and problematic. The purpose of this paper is to argue that the measurement problem related to the heterogenous capital input that exists in macr...

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Bibliographic Details
Main Author: Ahmet Özçam
Format: Article
Language:English
Published: Emerald Publishing 2019-04-01
Series:Journal of Industry-University Collaboration
Subjects:
high technology
diminishing rate of profits to technology
fixed-proportions production technology
speed as an economic resource
cobb–douglas production functions
Online Access:https://www.emerald.com/insight/content/doi/10.1108/JIUC-03-2019-004/full/pdf?title=the-economic-market-outcomes-and-income-distribution-when-capital-is-not-homogeneous-limits-of-technology

Internet

https://www.emerald.com/insight/content/doi/10.1108/JIUC-03-2019-004/full/pdf?title=the-economic-market-outcomes-and-income-distribution-when-capital-is-not-homogeneous-limits-of-technology

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