Labor Specialization and Endogenous Growth
نویسندگان
چکیده
منابع مشابه
The division of labor and the growth of government
This paper develops a dynamic, general equilibrium model of specialization-driven growth in which private coordination costs are decreasing in public expenditure on physical and institutional infrastructure. The model provides an explicitly economic explanation of the secular rise of government. In addition, endogenous specialization decisions imply the existence of four development stages, cha...
متن کاملThe Organization of Production and Economic Development
A formalization of the Coase-Williamson-Cheung theory of the firm is used to examine the trade-off between the firm and the market as institutions for organizing production in a dynamic, general equilibrium model with increasing returns to labor specialization. The model considers the interaction of internal and external transaction costs and the gains to labor specialization in determining imp...
متن کاملHuman Capital , Trade Unions and Banks
A process of endogenous human capital formation is analyzed in combination with the existence of trade unions and banks. By lowering opportunity costs for schooling, trade unions provide incentive for human capital investments for parts of the workforce. Imperfect competition in the banking sector creates a self-selection situation favorable for long-term investment giving firms the possibility...
متن کاملAdaptive Organizations∗
This paper is concerned with the three-way trade-off between coordination, specialization and adaptation, and its implications for organizational design. Every organized activity gives rise to two conßicting requirements: the division of labor into manageable tasks and the coordination of these tasks to ensure harmonious execution. In a stable environment, however, coordination can be trivially...
متن کاملToward a Unified Transaction Cost Theory of Economic Organization
ing as it does from population growth and technical progress, the model does not generate perpetual growth. It does, however, illustrate the role of organizational change in exploiting the gains to labor specialization and, thereby, overcoming diminishing returns to capital. The focus on organization, in turn, highlights the role of transaction costs as a determinant of long run economic perfor...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
عنوان ژورنال:
دوره شماره
صفحات -
تاریخ انتشار 2006