Biased Technical Change and Economic Conservation Laws

• Main Author: Sato, Ryuzo (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Boston, MA : Springer US, 2006.
• Series: Research Monographs in Japan-U.S. Business & Economics, 9
• Subjects: Macroeconomics.; Law and economics.; Economic growth.; Economics.; Economic Growth.; Law and Economics.; Macroeconomics/Monetary Economics//Financial Economics.

The principal aim of BIASED TECHNICAL CHANGE AND ECONOMIC CONSERVATION LAWS is twofold: to reveal the new economic significance of the old concept of biased technical change and the current application of the new concept of economic conservation laws. Although terms such as "labor saving"...

Table of Contents:

• An Overview
• An Overview
• Biased Technical Change
• The Stability of the Solow-Swan Model with Biased Technical Change
• A Model of Optimal Economic Growth with Endogenous Bias
• A Three Sector Model of Endogenous Hicksian Bias
• Estimation of Biased Technical Progress
• A Note on Modelling Endogenous Growth
• Technical Change and International Competition
• Economic Conservation Laws
• Optimal Economic Growth: Test of Income/Wealth Conservation Laws in OECD Countries
• Economic Conservation Laws as Indices of Corporate Performance
• Empirical Tests of the Total Value Conservation Law of the Firm
• Hartwick’s Rule and Economic Conservation Laws.