Innovation and weak labour disposability: some theoretical and empirical evidence

C-Tier
Journal: Applied Economics
Year: 1997
Volume: 29
Issue: 12
Pages: 1687-1693

Score contribution per author:

1.009 = (α=2.02 / 1 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This paper envisages theoretically and empirically the weak labour disposability and the ability of labour to innovate in a poor-capital, surplus-labour economy. Therefore, a production function where the marginal product can become zero or even negative has been derived and estimated using data from Suden over the period 1968-88, with quarterly interpolation. Thus, unlike neoclassical specifications of endogenous growth theory, labour withdrawal may have minimal effect on output. The results indicate the presence of weak disposability of labour. The existence of a discernibly low capital-saving technical relationship between labour and capital has been verified using cointegration techniques.

Technical Details

RePEc Handle
repec:taf:applec:v:29:y:1997:i:12:p:1687-1693
Journal Field
General
Author Count
1
Added to Database
2026-01-29