Browsing by Subject "capital theory"

Now showing 1 - 2 of 2
  • Thumbnail Image
    ItemOpen Access
    Capital deepening response in an economy with heterogeneous capital goods
    (1972) Burmeister, Edwin; Turnovsky, SJ
    Capital deepening is an important con- cept in traditional capital theory. In a one-sector model it has an unambiguous definition, describing an increase in the physical capital-labor ratio...
  • Thumbnail Image
    ItemOpen Access
    The Nature and Implications of the Reswitching of Techniques
    (1966) Bruno, Michael; Burmeister, Edwin; Sheshinski, Eytan
    By reswitching of techniques we mean the recurrence at different rates of interest of a whole matrix of activities or a "technique of production." The "Ruth Cohen Curiosum" may be considered a special case where only a single activity recurs.' We have analyzed the conditions under which reswitching can occur, which are perfectly general, the conditions under which it cannot occur, which are quite restrictive, and some of the important im- plications for capital theory..