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The Choice Of Technology In Economic Development, Lei Wen, Haiwen Zhou
The Choice Of Technology In Economic Development, Lei Wen, Haiwen Zhou
Economics Faculty Publications
The impact of capital accumulation on job creation is an important and interesting issue in economic development. This model provides a general-equilibrium framework for studying technology choice with unemployment in a developing economy based on micro-foundations. Unemployment in the urban sector results from the existence of efficiency wages. Manufacturing firms engage in oligopolistic competition and choose technologies to maximise profits. A more advanced technology uses more capital and less labour. In the steady state, an increase in the amount of capital induces firms to choose more advanced technologies and the wage rate increases. While a higher capital stock always induces …
Emerging Industries: Looking Beyond The Usual Suspects: A Report To Wired, George A. Erickcek, Brad R. Watts
Emerging Industries: Looking Beyond The Usual Suspects: A Report To Wired, George A. Erickcek, Brad R. Watts
Reports
No abstract provided.
What Counts, And Who's Counting? Maine's Business Climate 2006, Bureau Of Labor Education. University Of Maine
What Counts, And Who's Counting? Maine's Business Climate 2006, Bureau Of Labor Education. University Of Maine
Bureau of Labor Education
Many news articles and opinion pieces continue to argue that Maine has a highly unfavorable business climate, which must be changed if Maine’s economic well-being is to improve. Such analyses raise many important questions about what policies are most likely to benefit Maine’s economy, both as a whole, and among the various areas, communities, and population segments within Maine. Increasingly, the health of Maine’s economy, and the level of the state’s well-being more broadly, seem to be equated with the issue of whether Maine has a “friendly” business climate. In turn, the question of a favorable or unfavorable business climate …
Benchmarking Study Of The Small Business Environment In Saginaw County, George A. Erickcek, Brad R. Watts
Benchmarking Study Of The Small Business Environment In Saginaw County, George A. Erickcek, Brad R. Watts
Reports
No abstract provided.
Fair Weather Or Foul? Maine's Business Climate Revisted, Bureau Of Labor Education. University Of Maine
Fair Weather Or Foul? Maine's Business Climate Revisted, Bureau Of Labor Education. University Of Maine
Bureau of Labor Education
There is no shortage of analyses of the problems of Maine’s economy, or of proposed solutions. Once again, a number of recent reports have argued that Maine has a highly unfavorable business climate, characterized by excessive taxes and excessive regulation. These reports go on to argue that Maine must improve its business climate through such suggested changes as an overhaul of the tax system, elimination of property taxes on business equipment purchases, reducing the state’s regulatory burden, and reducing Maine’s supposedly high “tax burden.” Although the support for these proposals is framed as being “irrefutable,” in reality many of the …
Maine's Development Dilemma, 2001 Update, Bureau Of Labor Education. University Of Maine
Maine's Development Dilemma, 2001 Update, Bureau Of Labor Education. University Of Maine
Bureau of Labor Education
In the face of economic challenges that continue to face Maine and other states in a time of globalization and rapid technological change, economic development is widely seen as essential to the well-being of Maine's economy and to an increased quality of life for its citizens. However, the nature of Maine's economy, natural resource base, and geography creates a difficult dilemma for our state. This is the paradox we face: while some form of economic development is clearly imperative, the long-term misallocation of scarce economic resources in pursuit of this goal, though well-intended, may cause further harm to the economy …