Rates and Biases of Technical Progress and Returns to Scale in the Multi-Output, Multi-Input Production: Primal Versus Dual, Output-Augmenting Versus Input-Saving and Long-Run Versus Short-Run
Tóm tắt
I examine the relationships among various dual concepts of output-augmenting and input-saving rates of technical progress as well as various dual concepts of returns-to-scale measures in the long run and short run. Output-augmenting rates of technical progress are all equal, and so are input-saving ones. Returns to scale plays an important role in the relationship between output-augmenting and input-saving rates of technical progress. Capacity utilization plays an important role in the relationship between the long run and short run. The bias of technical progress is also briefly referred to.
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