Biased Technical Change and Economic Conservation Laws by Ryuzo Sato

Biased Technical Change and Economic Conservation Laws by Ryuzo Sato

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Summary

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.

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Biased Technical Change and Economic Conservation Laws by Ryuzo Sato

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.

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.

SKU Unavailable
ISBN 13 9781441938596
ISBN 10 1441938591
Title Biased Technical Change and Economic Conservation Laws
Author Ryuzo Sato
Series Research Monographs In Japan-Us Business And Economics
Condition Unavailable
Binding Type Paperback
Publisher Springer-Verlag New York Inc.
Year published 2010-11-19
Number of pages 230
Cover note Book picture is for illustrative purposes only, actual binding, cover or edition may vary.