Advanced Search
MyIDEAS: Login to save this paper or follow this series

From Macro Growth to Disaggregated Production Studies

Contents:

Author Info

  • R. Førsund, Finn

    ()
    (Dept. of Economics, University of Oslo)

  • Vislie, Jon

    ()
    (Dept. of Economics, University of Oslo)

Abstract

Professor Leif Johansen (1930 – 1982) made significant contributions to a large number of fields in economics. A short survey of his contributions is presented. The main focus in the paper is on his growth – production program constituting an important part of his research. The key concepts are embodied technical change, irreversibility, sunk cost, rigidities and heterogeneity. The impact of these factors on the nature of economic growth at the macro level is the point of departure of gradually disaggragating the level of analysis right down to the individual firm. An important tool for the analysis for dynamic structural change at the industry level is the short-run function capturing the underlying heterogeneity of the technologies of the firms within an industry. Technical rigidities represent constraints on how an economy develops from the level of a single industry up to the aggregated macro level of an economy.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: https://www.sv.uio.no/econ/english/research/unpublished-works/working-papers/pdf-files/2011/Memo-22-2011.pdf
Download Restriction: no

Bibliographic Info

Paper provided by Oslo University, Department of Economics in its series Memorandum with number 22/2011.

as in new window
Length: 72 pages
Date of creation: 14 Sep 2011
Date of revision:
Handle: RePEc:hhs:osloec:2011_022

Contact details of provider:
Postal: Department of Economics, University of Oslo, P.O Box 1095 Blindern, N-0317 Oslo, Norway
Phone: 22 85 51 27
Fax: 22 85 50 35
Email:
Web page: http://www.oekonomi.uio.no/indexe.html
More information through EDIRC

Related research

Keywords: Dynamic structural change; Heterogeneity; Macroeconomic growth; Short-run industry production function; Technical rigidities; Vintage;

Find related papers by JEL classification:

This paper has been announced in the following NEP Reports:

References

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
as in new window
  1. Albrecht, James W. & Hart, Albert G., 1979. "A Putty-Clay Model of Demand Uncertainty and Investment," Working Paper Series, Research Institute of Industrial Economics 20, Research Institute of Industrial Economics, revised Apr 1982.
  2. Akerlof, George A & Stiglitz, Joseph E, 1969. "Capital, Wages and Structural Unemployment," Economic Journal, Royal Economic Society, Royal Economic Society, vol. 79(314), pages 269-81, June.
  3. Francois Gourio, 2007. "Putty-Clay Technology And Stock Market Volatility," Boston University - Department of Economics - Working Papers Series, Boston University - Department of Economics WP2007-005, Boston University - Department of Economics.
  4. Simon Gilchrist & John C. Williams, 2000. "Putty-Clay and Investment: A Business Cycle Analysis," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 108(5), pages 928-960, October.
  5. Simon Gilchrist & John C. Williams, 2005. "Investment, Capacity, and Uncertainty: A Putty-Clay Approach," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 8(1), pages 1-27, January.
  6. Forsund, Finn R & Jansen, Eilev S, 1983. " Technical Progress and Structural Change in the Norwegian Primary Aluminum Industry," Scandinavian Journal of Economics, Wiley Blackwell, vol. 85(2), pages 113-26.
  7. Hochman, Eithan & Zilberman, David, 1978. "Examination of Environmental Policies Using Production and Pollution Microparameter Distributions," Econometrica, Econometric Society, Econometric Society, vol. 46(4), pages 739-60, July.
  8. Forsund, Finn R & Hjalmarsson, Lennart, 1983. "Technical Progress and Structural Change in the Swedish Cement Industry 1955-1979," Econometrica, Econometric Society, Econometric Society, vol. 51(5), pages 1449-67, September.
  9. Calvo, Guillermo A, 1976. "Optimal Growth in a Putty-Clay Model," Econometrica, Econometric Society, Econometric Society, vol. 44(5), pages 867-78, September.
  10. Johansen, Leif, 1979. "The Bargaining Society and the Inefficiency of Bargaining," Kyklos, Wiley Blackwell, vol. 32(3), pages 497-522.
  11. Cass, David & Stiglitz, Joseph E, 1969. "The Implications of Alternative Saving and Expectations Hypotheses for Choices of Technique and Patterns of Growth," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 77(4), pages 586-627, Part II, .
  12. Johansen, Leif, 1982. "Cores, aggressiveness and the breakdown of cooperation in economic games," Journal of Economic Behavior & Organization, Elsevier, vol. 3(1), pages 1-37, March.
  13. Moene, Karl Ove & Wallerstein, Michael, 1997. "Pay Inequality," Journal of Labor Economics, University of Chicago Press, University of Chicago Press, vol. 15(3), pages 403-30, July.
  14. Bardhan, Pranab, 1969. "Equilibrium Growth in a Model with Economic Obsolescence of Machines," The Quarterly Journal of Economics, MIT Press, MIT Press, vol. 83(2), pages 312-23, May.
  15. Johansen, Leif, 1982. " On the Status of the Nash Type of Noncooperative Equilibrium in Economic Theory," Scandinavian Journal of Economics, Wiley Blackwell, vol. 84(3), pages 421-41.
  16. Johansen, Leif, 1978. "On the theory of dynamic input-output models with different time profiles of capital construction and finite life-time of capital equipment," Journal of Economic Theory, Elsevier, vol. 19(2), pages 513-533, December.
Full references (including those not matched with items on IDEAS)

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:hhs:osloec:2011_022. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Rhiana Bergh-Seeley).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.