Capital-Saving Technology
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See: Technological Innovation, Labor-Saving Technology.
References
2002
- (Kumar & Russell, 2002) ⇒ Subodh Kumar, and R. Robert Russell. (2002). “Technological Change, Technological Catch-up, and Capital Deepening: relative contributions to growth and convergence.” In: American Economic Review.
- QUOTE: … much of convergence that we observe is due to convergence in technology versus … determined conceptually by the state-of-the-art, potentially transferable technology; the second … as countries adopt "best practice" technologies and reduce (or exacerbate) technical and allocation …
1956
- (Kendrick, 1956) ⇒ John Kendrick. (1956). “Productivity Trends: capital and labor.” In: Productivity Trends: Capital and Labor, NBER.