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Endogenous task-based technical change—factor scarcity and factor prices
Economics and Business Review Pub Date : 2020-01-01 , DOI: 10.18559/ebr.2020.2.6
Andreas Irmen

Abstract This paper develops a static model of endogenous task-based technical progress to study how factor scarcity induces technological progress and changes in factor prices. The equilibrium technology is multi-dimensional and not strongly factor-saving in the sense of Acemoglu (2010). Nevertheless, labour scarcity induces labour productivity growth. There is a weak but no strong absolute equilibrium bias. This model provides a plausible interpretation of the famous contention of Hicks (1932) about the role of factor prices and factor endowments for induced innovations. It may serve as a microfoundation for canonical macro-economic models. Moreover, it accommodates features like endogenous factor supplies and a binding minimum wage.

中文翻译:

内生的基于任务的技术变革—因子稀缺性和价格

摘要本文建立了一个基于内生任务的技术进步的静态模型,以研究要素稀缺如何诱发技术进步和要素价格的变化。平衡技术是多维的,从Acemoglu(2010)的意义上讲,并不是节省大量因素。然而,劳动力稀缺导致劳动生产率的增长。绝对平衡偏差很小但没有很强。该模型为希克斯(1932)关于要素价格和要素end赋在诱导创新中的作用这一著名论点提供了合理的解释。它可以作为规范宏观经济模型的微观基础。此外,它还具有内生要素供给和具有约束力的最低工资等功能。
更新日期:2020-01-01
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