Abstract
This paper investigates the impact of capital-augmenting technical change upon industry factor demands a nd so employment within the context of various models of industry str ucture, including both fixed and free entry. Potentially diverse resp onses are predicted. The elasticity of demand, the elasticity of subs titution, the state of market competition, and economies of scale are all shown to be important in determining the sign and size of the im pact of technical change on employment. Copyright 1987 by Royal Economic Society.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
