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商品詳細
Three Essays on Productivity (RLE: Business Cycles): The Impacts of Profitability, Business Cycles and the Capital Stock on Productivity.
・ISBN 978-1-138-88628-5 paper GB£ 24.99
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| 著者・編者 | Lasky, Mark J., |
|---|---|
| シリーズ | (Routledge Library Editions: Business Cycles) |
| 出版社 | (Routledge, UK) |
| 出版年月 | 2016 |
| ページ数 | 190 pp. |
| 言語 | ENG |
| ニュース番号 | ＜A02-4455＞ |
解説
The behaviour of US productivity since this book was originally publishedin 1994, has added new relevance to the relationship between profits and productivity. In the long run, productivity growth determines the economic standard of living. This book is divided into three parts: the basis of the first is the empirical finding that, controlling for normal business cycle effects, productivity grows faster when profits have been low than otherwise. The second part discusses how to measure marginal cost using time series data and the third tests a basic assumption that productivity growth is exogenous to labour and capital.