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Biased Technical Change and Economic Conservation Laws

  • Book
  • © 2006

Overview

  • Concentrate on the labor productivity of firms
  • Examines the difference or bias in the productivity growth of two inputs; labor productivity and productivity of capital
  • Includes supplementary material: sn.pub/extras

Part of the book series: Research Monographs in Japan-U.S. Business and Economics (JUSB, volume 9)

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Table of contents (11 chapters)

Keywords

About this book

Productivity of inputs is an important determinant of the competitiveness of firms in national and international markets. Productivity growth arises from deliberate decisions to innovate but the technological opportunities could be such that different inputs would have different rates of growth. Previous literature has mostly concentrated on labor productivity but empirical studies indicate that productivity of capital is also increasing. One of the objectives of this book is to examine the difference or bias in the productivity growth of the two inputs.

In this book, application of this general approach to study of biased technical change is developed and new empirical results presented for both macroeconomies and microeconomic firms.

Authors and Affiliations

  • Business and Economic Studies Leonard Stern School of Business, New York University, USA

    Ryuzo Sato

About the author

Ryuzo Sato is the C.V. Starr Professor of Economics and the director of the Center for Japan-U.S. Business and Economic Studies at the New York University Stern School of Business. In his current position, Dr. Sato teaches an MBA course in the comparative analysis of the Japanese and United States economies, an Undergraduate course ISP (International Studies Project,) and a Ph.D. level course on economic growth and technological change.

Dr. Sato has been with NYU Stern for more than 15 years. His primary areas of research interest are: economic growth, technical change, differential games, international business and United States-Japan relations.

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