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Makarski Krzysztof (National Bank of Poland; Warsaw School of Economics)
Division of Labour and Innovation with Indivisibilities : Lessons from A. Smith
Bank i Kredyt, 2012, nr 6, s. 7-27, rys., aneks, bibliogr. 26 poz.
Słowa kluczowe
Podział pracy, Innowacje, Wzrost gospodarczy, Produktywność pracy
Division of labour, Innovations, Economic growth, Labour productivity
We study division of labour, innovation, and economic growth in a world with indivisibilities. In order to increase the division of labour, more specialized, labour saving capital varieties must be invented, which can be done only subject to a minimum size requirement. Thus, the division of labour is limited by the size of the market. Furthermore, the division of labour has a major impact on labour productivity. Due to the minimum size requirement, producers want to charge nonlinear prices (two part tariffs). In the model we obtain interesting dynamics. Depending on the parameters our economy can grow unboundedly, can grow up to a certain (even very high) level and then stagnate, or can be stuck in a poverty trap. (original abstract)
Dostępne w
Biblioteka Główna Uniwersytetu Ekonomicznego w Krakowie
Biblioteka Szkoły Głównej Handlowej w Warszawie
Biblioteka Główna Uniwersytetu Ekonomicznego w Katowicach
Biblioteka Główna Uniwersytetu Ekonomicznego w Poznaniu
Biblioteka Główna Uniwersytetu Ekonomicznego we Wrocławiu
Pełny tekst
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