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Pulsation of the growth rate of output and technology

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  • Pokrovskii, Vladimir N.

Abstract

The pulsation of the growth rate of output is considered from the point of view of technological theory of production, which is based on the law of substituting for human, muscle- and brain-based work. It is shown that the pulsation is connected with pulsation of technological characteristics of installed production equipment. The case of the US economy is considered.

Suggested Citation

  • Pokrovskii, Vladimir N., 2011. "Pulsation of the growth rate of output and technology," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 390(23), pages 4347-4354.
    • Handle: RePEc:eee:phsmap:v:390:y:2011:i:23:p:4347-4354
    DOI: 10.1016/j.physa.2011.06.075
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    References listed on IDEAS

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