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Capital Accumulation, Labor Saving, and Labor Absorption Once More

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  • Jeffrey G. Williamson

Abstract

I. Introduction, 40.—II. A neoclassical approach to labor absorption with factor price variability, 42.—III. Asian history and simulation: a look at the models' predictions, 49.—IV. Estimation with Philippine manufacturing data, 54.—V. Conclusion, 64.

Suggested Citation

  • Jeffrey G. Williamson, 1971. "Capital Accumulation, Labor Saving, and Labor Absorption Once More," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 85(1), pages 40-65.
    • Handle: RePEc:oup:qjecon:v:85:y:1971:i:1:p:40-65.
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    File URL: http://hdl.handle.net/10.2307/1881839
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    1. repec:ilo:ilowps:241837 is not listed on IDEAS
    2. James, J., 1985. "Employment and income distributional impact of microelectronics: a prospective analysis for the third world," ILO Working Papers 992418373402676, International Labour Organization.
    3. Gaude, Jacques., 1974. "Capital-labour substitution possibilities; a review of empirical research. Provisional," ILO Working Papers 991534603402676, International Labour Organization.
    4. Dong, Qi & Murakami, Tomoaki & Nakashima, Yasuhiro, 2021. "Induced Bias of Technological Change in Agriculture and Structural Transformation: A Translog Cost Function Analysis of Chinese Cereal Production," 2021 Conference, August 17-31, 2021, Virtual 315373, International Association of Agricultural Economists.
    5. Delano S. Villanueva, 2008. "Social and Political Factors in a Model of Endogenous Economic Growth and Distribution: An Application to the Philippines," World Scientific Book Chapters, in: Macroeconomic Policies For Stable Growth, chapter 6, pages 176-210, World Scientific Publishing Co. Pte. Ltd..

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