Productivity of inputs is an important determinant of the
competitiveness of firms in national and international markets.
Productivity growth arises from deliberate decisions to innovate
but the technological opportunities could be such that different
inputs would have different rates of growth. Previous literature
has mostly concentrated on labor productivity but empirical studies
indicate that productivity of capital is also increasing. One of
the objectives of this book is to examine the difference or bias in
the productivity growth of the two inputs.
In this book, application of this general approach to study of
biased technical change is developed and new empirical results
presented for both macroeconomies and microeconomic firms.
General
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