Technical progress (economics)
id:
technical-progress-economics-189-15547811
title:
Technical progress (economics)
text:
The technical progress function is a concept developed by Nicholas Kaldor to explain the rate of growth of labour productivity, as a measure of technical progress. The function is described by the following statements:
- The larger the rate of growth of capital/input per worker, the larger the rate of growth of output per worker, of labour productivity. The rate of growth of labour productivity is thus explained by the rate of growth of capital intensity.
- In equilibrium capital/input per w
brand slug:
wiki
category slug:
encyclopedia
description:
Economic measure
original url:
https://en.wikipedia.org/wiki/Technical_progress_(economics)
date created:
2007-09-10T14:49:37Z
date modified:
2024-09-09T10:51:34Z
main entity:
{"identifier":"Q1605334","url":"https://www.wikidata.org/entity/Q1605334"}
image:
fields total:
13
integrity:
15