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  • Romer
  • According to Romer, technological change is a consequence of accumulation of knowledge acquired by forward-looking and profit-maximizing firms' production and research activities. (hindawi.com)
  • Romer also uses the concept of "learning by doing" developed by Arrow [ 12 ] in order to explain the technological development process. (hindawi.com)
  • factors
  • Still another is the belief that the productivity of the economy as a whole increases as rapidly as total output rises, relative to measured inputs, although the estimates of inputs fail to include many improvements in the quality of both material factors and human agents. (encyclopedia.com)
  • A consequence of these conclusions is the emphasis of economic development practitioners and students on modern determinants of per capita income like quality of institutions to support free markets, economic policies chosen by governments, human capital components such as education and health, or political factors like violence and instability. (docplayer.net)
  • The risks that businesses might scale back their capital spending next year in response to these factors had also increased. (clevelandfed.org)
  • Our framework will also examine how these local and international capabilities will be affected by the moderating factors of VRIOs as perceived by their firms' CEOs.Auw evaluate the human capital and capabilities (skills) of professional service firms. (scribd.com)
  • transition
  • I show that matrices comprised of human genomes are good compressed sensors, and that LASSO applied to genomic prediction exhibits a phase transition as the sample size is varied. (blogspot.com)
  • This research suggests that favorable geographical conditions, that were inherently associated with inequality in the distribution of land ownership, adversely affected the implementation of human capital promoting institutions (e.g., public schooling and child labor regulations), and thus the pace and the nature of the transition from an agricultural to an industrial economy, contributing to the emergence of the Great Divergence in income per capita across countries. (repec.org)
  • IDENTITY / DECEMBER AND AGENCY 2005 IDENTITY AND AGENCY IN EMERGING ADULTHOOD: Two Developmental Routes in the Individualization Process SETH J. SCHWARTZ University of Miami School of Medicine JAMES E. CÔTÉ University of Western Ontario JEFFREY JENSEN ARNETT University of Maryland The study of emerging adulthood the prolonged transition to adulthood extending into the 20s is a rapidly growing area of research. (docplayer.net)
  • thus
  • These improvements in quality are the product of investment and thus are forms of capital. (encyclopedia.com)
  • Believers in the enormous capacities of technological progress and the human mind have claimed there is a possibility of doing away with scarcity at some point in the future by devising ever more efficient ways of using resources, and thus making goods so plentiful as to accommodate all practical needs. (encyclopedia.com)
  • These problems were also related to the impact of the East Asian financial turmoil in the late 1990s, at the same time as China was in the process of joining the World Trade Organization, and thus becoming increasingly integrated into the world competition of financial capital. (monthlyreview.org)
  • scarcity
  • This is why most scholars (or economists, at any rate) consider scarcity to be a universal and necessary human condition. (encyclopedia.com)
  • While scarcity may be considered an omnipresent condition of human life, it is possible to view human behavior as a struggle to reduce its acuteness. (encyclopedia.com)
  • The results of these and most other modern efforts to discuss the problem of capitalism, nature, and socialism wither on the vine because they fail to focus on the nature of specifically capitalist scarcity, that is, the process whereby capital is its own barrier or limit because of its self-destructive forms of proletarianization of human nature and appropriation of labor and capitalization of external nature. (libcom.org)
  • composition
  • The first part of the paper provides an overview of economic fundamentals in Asia on the eve of the crisis, with emphasis on current account imbalances, quantity and quality of financial overlending,' banking problems, and composition, maturity and size of capital inflows. (worldcat.org)
  • productive
  • This article expounds the traditional Marxist theory of the contradiction between forces and relations of production, overproduction of capital and economic crisis, and the process of crisis induced restructuring of productive forces and production relations into more transparently social, hence potentially socialist, forms. (libcom.org)
  • framework
  • An all-inclusive concept of capital also provides a framework for determining how closely the private and public sectors of an economy come to an optimum in investing in each of the sources of income streams. (encyclopedia.com)
  • forms
  • This concept treats all sources of income streams as forms of capital. (encyclopedia.com)
  • These sources include not only such material forms as natural resources and reproducible producer and consumer goods and commodities but also such human forms as the inherited and acquired abilities of producers and consumers. (encyclopedia.com)
  • instead here it is the product of specific processes of mobilisation of finance capital and information technology that set out to create internet platforms to claim and reorganise old forms of work. (criticallegalthinking.com)
  • This exposition provides a point of departure for an "ecological Marxist" theory of the contradiction between capitalist production relations and forces and the conditions of production , under-production of capital and economic crisis, and the process of crisis-induced restructuring of production conditions and the social relations thereof also into more transparently social, hence potentially socialist, forms. (libcom.org)
  • The governments of almost all developing countries are facing the long-term twin problems of capital shortages and high fiscal debts, resulting from their attempts to modernize the state forms and economic and financial relations left by colonialism or copied from western political culture. (monthlyreview.org)
  • firms
  • According to him, technology is a product acquired by these types of firms by means of "learning by doing" process. (hindawi.com)
  • In response to this gap, this study will empirically examine the relationships between human capital, capabilities and competitive advantage of professional service firms in the Hong Kong, China and Taiwan regions. (scribd.com)
  • made
  • The researchers, however, lament the high turnover rate of appointed program managers, which has made it quite difficult to provide and see through such advisory work, i.e. as they had to resume the process with each newly appointed team. (pep-net.org)
  • public
  • Lepak & Snell (2002) have already tried to measure the distinctiveness of human capital for the commercial and public organizations. (scribd.com)
  • different
  • Panel DOLS and FMOLS panel cointegrated regression models are exploited to detect the magnitude and sign of the cointegration relationship and compare the effect of these physical and human capital variables according to these two different country groups. (hindawi.com)
  • health
  • Persistent Organic Pollutants (POPs) are chemical substances that persist in the environment, bioaccumulate through the food web, and pose a risk of causing adverse effects to human health and the environment. (diva-portal.org)
  • contemporary
  • Study of the combination of the two processes in the contemporary world may throw light on the decline of traditional labor and socialist movements and the rise of "new social movements" as agencies of social transformation. (libcom.org)
  • studies
  • Inequality in Landownership, the Emergence of Human-Capital Promoting Institutions, and the Great Divergence ," Review of Economic Studies , Oxford University Press, vol. 76(1), pages 143-179. (repec.org)
  • According
  • Preindustrial cities, according to Sjoberg, are to be found in societies without sophisticated machine technology, where human and animal labour form the basis for economic production. (britannica.com)