Technical change and factor shares

Detalhes bibliográficos
Autor(a) principal: Seater, John L.
Data de Publicação: 2001
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Institucional do FGV (FGV Repositório Digital)
Texto Completo: http://hdl.handle.net/10438/12610
Resumo: The implications of technical change that directly alters factor shares are examined. Such change can lower the income of some factors of production even when it raises total output, thus offering a possible explanation for episodes of social conflict such as the Luddite uprisings in 19th century England and the recent divergence in the U. S. between wages for skilled and unskilled labor. An explanation also why underdeveloped countries do not adopt the latest technology but continue to use outmoded production methods. Total factor productivity is shown to be a misleading measure of technical progress. Share-altering technical change brings into question the plausibility of a wide class of endogenous growth models.
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spelling Seater, John L.Escolas::EPGEFGV2014-11-26T11:34:35Z2014-11-26T11:34:35Z2001-06-21http://hdl.handle.net/10438/12610The implications of technical change that directly alters factor shares are examined. Such change can lower the income of some factors of production even when it raises total output, thus offering a possible explanation for episodes of social conflict such as the Luddite uprisings in 19th century England and the recent divergence in the U. S. between wages for skilled and unskilled labor. An explanation also why underdeveloped countries do not adopt the latest technology but continue to use outmoded production methods. Total factor productivity is shown to be a misleading measure of technical progress. Share-altering technical change brings into question the plausibility of a wide class of endogenous growth models.engEscola de Pós-Graduação em Economia da FGVSeminários de pesquisa econômica da EPGETodo cuidado foi dispensado para respeitar os direitos autorais deste trabalho. Entretanto, caso esta obra aqui depositada seja protegida por direitos autorais externos a esta instituição, contamos com a compreensão do autor e solicitamos que o mesmo faça contato através do Fale Conosco para que possamos tomar as providências cabíveisinfo:eu-repo/semantics/openAccessTechnical change and factor sharesinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleEconomiaInovações tecnológicas - Aspectos econômicosAções (Finanças)reponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas (FGV)instacron:FGVORIGINAL1039.pdf1039.pdfapplication/pdf568139https://repositorio.fgv.br/bitstreams/ea5cb6ef-40a7-4278-b6de-a260fc54e404/download1ec6ce301466b6793166c016c7fff24bMD51LICENSElicense.txtlicense.txttext/plain; charset=utf-84707https://repositorio.fgv.br/bitstreams/e122690e-a5a9-49f2-a081-ea9ece0d5278/downloaddfb340242cced38a6cca06c627998fa1MD52TEXT1039.pdf.txt1039.pdf.txtExtracted 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dc.title.eng.fl_str_mv Technical change and factor shares
title Technical change and factor shares
spellingShingle Technical change and factor shares
Seater, John L.
Economia
Inovações tecnológicas - Aspectos econômicos
Ações (Finanças)
title_short Technical change and factor shares
title_full Technical change and factor shares
title_fullStr Technical change and factor shares
title_full_unstemmed Technical change and factor shares
title_sort Technical change and factor shares
author Seater, John L.
author_facet Seater, John L.
author_role author
dc.contributor.unidadefgv.por.fl_str_mv Escolas::EPGE
dc.contributor.affiliation.none.fl_str_mv FGV
dc.contributor.author.fl_str_mv Seater, John L.
dc.subject.area.por.fl_str_mv Economia
topic Economia
Inovações tecnológicas - Aspectos econômicos
Ações (Finanças)
dc.subject.bibliodata.por.fl_str_mv Inovações tecnológicas - Aspectos econômicos
Ações (Finanças)
description The implications of technical change that directly alters factor shares are examined. Such change can lower the income of some factors of production even when it raises total output, thus offering a possible explanation for episodes of social conflict such as the Luddite uprisings in 19th century England and the recent divergence in the U. S. between wages for skilled and unskilled labor. An explanation also why underdeveloped countries do not adopt the latest technology but continue to use outmoded production methods. Total factor productivity is shown to be a misleading measure of technical progress. Share-altering technical change brings into question the plausibility of a wide class of endogenous growth models.
publishDate 2001
dc.date.issued.fl_str_mv 2001-06-21
dc.date.accessioned.fl_str_mv 2014-11-26T11:34:35Z
dc.date.available.fl_str_mv 2014-11-26T11:34:35Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
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dc.identifier.uri.fl_str_mv http://hdl.handle.net/10438/12610
url http://hdl.handle.net/10438/12610
dc.language.iso.fl_str_mv eng
language eng
dc.relation.ispartofseries.por.fl_str_mv Seminários de pesquisa econômica da EPGE
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.publisher.none.fl_str_mv Escola de Pós-Graduação em Economia da FGV
publisher.none.fl_str_mv Escola de Pós-Graduação em Economia da FGV
dc.source.none.fl_str_mv reponame:Repositório Institucional do FGV (FGV Repositório Digital)
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collection Repositório Institucional do FGV (FGV Repositório Digital)
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