Productivity Trends: Capital and Labor

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Capital, Labor, and Productivity

IN A PREVIOUS PAPER I explored two suggestions about how to understand time-series and cross-country variations in measured total factor productivity growth: increases in the labor force might slow technological change and increases in capital might speed it up. 1 Neither suggestion was new. The conjecture about the effect of labor dates back, at least, to attempts to explain the divergence in ...

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ژورنال

عنوان ژورنال: The Review of Economics and Statistics

سال: 1956

ISSN: 0034-6535

DOI: 10.2307/1925777