| Invariance Principles and the Structure of Technology Softcover Repri Edition Contributor(s): Sato, R. (Author), Nono, T. (Author) |
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ISBN: 3540120084 ISBN-13: 9783540120087 Publisher: Springer OUR PRICE: $52.24 Product Type: Paperback Published: March 1983 |
| Additional Information |
| BISAC Categories: - Business & Economics | Economics - Theory - Business & Economics | Econometrics |
| Dewey: 330.015 |
| Series: Lecture Notes in Economic and Mathematical Systems |
| Physical Information: 0.22" H x 6.69" W x 9.61" (0.41 lbs) 100 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: The theory of Lie groups has proven to be a most powerful analytical tool in many areas of modern scientific endeavors. It was only a few years ago that economists discovered the usefulness of this approach in their study of the frontiers of modern economic theory. These frontiers include the areas of technical change and productivity, technology and preference, economic conservation laws, comparative statics and integrability conditions, index number problems, and the general theory of observable market behavior (Sato 1980, 1981], Nono 1971], Sato and N no 1983], Russell 1983]). 1 In Nono 1971] and Sa to 1981, Chapter 4] the concept of "G-neutral" (group neutral) technical change was first introduced as a natural extension of the well-known concepts of Hicks, Harrod, Solow and Sato-Beckmann-Rose neutrality. The present monograph contains a further extension of the G-neutral technical change to the case of non-constant-returns-to-scale technology and to the case of multiple factor inputs. The methodology of total productivity estimation by means of Lie group transformations is also developed in this monograph. We would like to express our sincere thanks to many individuals notably to Professor M. J. Beckmann, Professor F. Mimura, Professor G. Suzawa, T. Mitchell, K. Mino and P. Calem, for their numerous contributions at various stages of this work. We are also grateful to Marion Wathey for her usual superb typing of this difficult manuscript. Providence, R. I., U. S. A. |