The per worker production function attempts to model how much a single employee will produce based on either land available or capital invested. The Malthusian model bases it solely on land while the ...
Relating the Knowledge Production Function to Total Factor Productivity: An Endogenous Growth Puzzle
Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those ...
1. If marginal product is decreasing, then average product must also be decreasing. 2. For a fixed-proportion technology, inputs cannot be substituted for each other in production. 3. The marginal ...
In this article, we show that the production, aggregation, and estimation theories that lead to a stochastic-coefficients production function are more general than those leading to a ...
Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...
Blood monocyte subsets under dyslipidaemic conditions change their behaviour and activation, and increase their extravasation in response to triglyceride-rich lipoproteins and cholesterol Monocytes ...
We have a fatty brain. Fat plays many vital roles in brain function. In the past, very little attention was given to the influence of dietary fats upon our mental state. Recent multiple lines of ...
A new study from researchers at the University of Otago, Faculty of Medicine—Christchurch Ōtautahi, has found that collagen ...
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