scholarly journals Peranan Teknologi Dalam Pertumbuhan Sektor Transportasi Dan Komunikasi Di Indonesia : 1977-2007

2010 ◽  
Vol 22 (2) ◽  
pp. 175-188
Author(s):  
Alkadri Alkadri
Keyword(s):  
Economic Development ◽  
Production Function ◽  
Calculation Method ◽  
Technological Progress ◽  
Value Added ◽  
Growth Accounting ◽  
Communication Sector ◽  
Douglas Production Function

Application of technologtj in economic development of a nation spread across various eronomic sectors,including transportation and communication sector. In Indonesia, the progress achieved bytransportation and communication sector-especially in terms of value added grawth- over the lastthree decades can not be separated from the role of technological progress in this sector. By using t.otalfactor productivihj (TFP) approach as a indicator for the role of technological progress, this papertries to calculate and analyze how much the role of technological progress in the grawth of transportationand communication sector. Calculation method used is growth accounting method whichapplied to the Cobb-Douglas production function. The calculations shaw that during the period1977-2007 transportation and communication sector achieved grawth rate m;erage 7.77% per year,where 2.29% of which came from the contribution of technological progress (TFPG). The role of thistechnology is greater than the role of labor grawth (1.85%), but slightly belaw the role of capitalgrowth (3.63%). These results imply that the development of technology in transportation andcommunication sector must be increased again in the coming years in order t.o encourage the growthof transportation and communication sect.or higher.Keywords : Tecknologi, Transportataion and Komunication, Total Factor ProductivihJ

Сobb-Douglas Production Function: Myth and Reality

2014 ◽  
Vol 3 (4) ◽  
pp. 54-60
Author(s):  
Юсим ◽  
Vyacheslav Yusim ◽  
Прокопьев ◽  
Aleksandr Prokopev
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Production Function ◽  
Economic Systems ◽  
Technological Factors ◽  
Definition Of ◽  
Impact Of Technology ◽  
The Impact ◽  
Douglas Production Function

The article considers the problem of assessing the impact of technology on the dynamics of economic development and critically evaluates the best-known production function — the Cobb-Douglas function, which is the basis of many models seeking to explain the sources of economic growth. Meanwhile the provision is argued that the methodological solution to this problem exists and reveals the essence of the author’s approaches to the definition of the role of technological factors in the development of economic systems.

Toward a dynamic capability theory of economic growth

2019 ◽  
Vol 29 (4) ◽  
pp. 1047-1065 ◽  
Author(s):  
David Sainsbury
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Value Added ◽  
The United States ◽  
Dynamic Capability ◽  
Alexander Hamilton ◽  
Role Of Government ◽  
Windows Of Opportunity ◽  
The Uk

Abstract New theories of economic growth that are policy-relevant and connect with the histories of success and failure in economic development are urgently needed. This article compares the neoclassical (or market efficiency) school of thought with the production-capability school of thought which included Alexander Hamilton, Friedrich List, and Joseph Schumpeter. Many affirmative, industrial policy steps by governments to promote economic development have been historically recorded—including in the UK and the United States. Meanwhile the neoclassical school has ignored the role of government in helping to create competitive advantage. It has also chosen to ignore how firms are formed, how technologies are acquired, and how industries emerge. The dynamic capability theory of economic growth developed here assigns the central role in economic growth to firms but also an important role to governments. The rate at which a country’s economy grows depends critically on whether its firms can build the capabilities to generate and take advantage of “windows of opportunity” that exist for innovation and new markets, and whether over time they are able to enhance their capabilities to move into higher value-added activities.1

scholarly journals The Role of Agricultural Sector Productivity in Economic Growth: The Case of Iran’s Economic Development Plan

2018 ◽  
Vol 10 (1) ◽  
pp. 16 ◽  
Author(s):  
Morteza Tahamipour ◽  
Mina Mahmoudi
Keyword(s):  
Economic Development ◽  
Total Factor Productivity ◽  
Productivity Growth ◽  
Agricultural Sector ◽  
Value Added ◽  
Total Factor Productivity Growth ◽  
Development Plan ◽  
Factor Productivity ◽  
Economic Development Plan

This study provides the theoretical framework and empirical model for productivity growth evaluations in agricultural sector as one of the most important sectors in Iran’s economic development plan. We use the Solow residual model to measure the productivity growth share in the value-added growth of the agricultural sector. Our time series data includes value-added per worker, employment, and capital in this sector. The results show that the average total factor productivity growth rate in the agricultural sector is -0.72% during 1991-2010. Also, during this period, the share of total factor productivity growth in the value-added growth is -19.6%, while it has been forecasted to be 33.8% in the fourth development plan. Considering the effective role of capital in the agricultural low productivity, we suggest applying productivity management plans (especially in regards of capital productivity) to achieve future growth goals.

scholarly journals Sources of Pakistan's Economic Growth

1986 ◽  
Vol 25 (4) ◽  
pp. 573-589 ◽  
Author(s):  
Nadeem A. Burney
Keyword(s):  
Economic Growth ◽  
Quantitative Study ◽  
Development Policy ◽  
Technological Progress ◽  
Institutional Factors ◽  
Growth Accounting ◽  
Productivity Change ◽  
Important Method ◽  
Factors Of Production

Economic growth is one of the most important objectives of development policy in almost every country. It depends on the historical accumulation of primary factors of production, e.g. labour and capital, and on technological progress and a combination of socio-political and institutional factors. Owing to interactions among these different factors, it is difficult to delineate the role of each factor in economic growth. It is precisely because of this that a systematic and quantitative study of the sources of growth is indispensable. The growth-accounting framework, introduced by Solow [15] to measure productivity change and subsequently extended by Jorgenson and Griliches [5], Christensen and Jorgenson [1], Hulten [4] and Denison [2], provides an important method with which to study the growth experience of a country.

scholarly journals A Method for Estimating Output Elasticity of Input Factors in Cobb-Douglas Production Function and Measuring Agricultural Technological Progress

IEEE Access ◽  
2021 ◽  
Vol 9 ◽  
pp. 26234-26250
Author(s):  
Jiquan Wang ◽  
Haohao Song ◽  
Zhanwei Tian ◽  
Jinling Bei ◽  
Hongyu Zhang ◽  
...  
Keyword(s):  
Production Function ◽  
Technological Progress ◽  
Output Elasticity ◽  
Douglas Production Function

Substitution between production factors and intermediate inputs in the light of KLEMS growth accounting for Poland

2021 ◽  
Vol 68 (2) ◽  
pp. 1-19
Author(s):  
Dariusz Kotlewski ◽  
Mirosław Błażej
Keyword(s):  
Market Economy ◽  
Dominant Role ◽  
Empirical Finding ◽  
Value Added ◽  
Growth Accounting ◽  
Intermediate Inputs ◽  
Industry Level ◽  
Production Factors ◽  
Polish Economy

The generally adopted view is that the gross-output-based MFP is the most correct in terms of methodology, and the value-added-based MFP is its imperfect substitute performed when some data are missing. In this paper, however, performing both of them and comparing their results is proposed as a valuable means to studying the development of outsourcing in the economy. The paper presents the elaboration of the methodology for the latter, which is its main contribution to the field. The case of the Polish economy is used as an applicative example (covering the period between 2005 and 2016), as KLEMS growth accounting has recently been implemented in Poland. The results demonstrate that around the year 2011, the expansion of outsourcing ceased. Since outsourcing was one of the main processes of the Polish transition, this observation can be considered as an indication of the maturing of the market economy in Poland. Moreover, KLEMS growth accounting makes it possible to study this issue through NACE activities, i.e. at the industry level. It shows that manufacturing (section C of NACE) is predominantly responsible for the situation described above, which is the main empirical finding of the study. The dominant role of manufacturing is also confirmed by some other sectoral observations of lesser importance. The methodology developed in this paper can potentially be applied to other countries for which both kinds of MFP are performed.

The Role of Education in Economic Development

1999 ◽  
Vol 13 (3) ◽  
pp. 169-175
Author(s):  
John Woolhouse ◽  
Jill Cramphorn
Keyword(s):  
Economic Development ◽  
Value Added ◽  
Education Sector ◽  
Strategic Partnerships ◽  
Culture Of Learning ◽  
Stage Process

A study of ways in which education was contributing to the economic regeneration of two large areas of England found that two main types of partnership had been created. In ‘strategic’ partnerships, the objectives included the development of coherent approaches and of a climate of collaboration between a range of organizations. ‘Operational’ partnerships were created to plan and implement specific projects. A three-stage process – involving the identification of priority issues, the assessment of existing and potential capabilities of the education sector and the analysis of effectiveness – could help create the culture of learning and enterprise essential to the development of a high-value-added economy.

scholarly journals Using Investment Data to Assess the Importance of Price Mismeasurement

2006 ◽  
Vol 6 (1) ◽  
pp. 1-42
Author(s):  
Diego A Comin
Keyword(s):  
Production Function ◽  
Productivity Growth ◽  
Investment Decision ◽  
New Approach ◽  
Output Price ◽  
Productivity Slowdown ◽  
Post War ◽  
Douglas Production Function

This paper presents a new approach to assess the role of price mismeasurement in the productivity slowdown. I invert the firm’s investment decision to identify the embodied and disembodied components of productivity growth. With a Cobb-Douglas production function, output price mismeasurement only should affect the latter. Contrary to the mismeasurement hypothesis, I find that in the Post-War period, disembodied productivity grew faster in the hard-to-measure than in the non-manufacturing easy-to-measure sectors, and that disembodied productivity slowed down less in the hard-to-measure than in the easy-to-measure sectors since the 70’s. These results hold a fortiori when capital and labor are complements.

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