Pulsation of the growth rate of output and technology

descriptionPublicationkeyboard_double_arrow_right Article 01 Nov 2011 English Publisher:Elsevier BVJournal:Physica A: Statistical Mechanics and its Applications, volume 390, pages 4,347-4,354 (issn: 0378-4371,

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Authors: Vladimir N. Pokrovskii;

doi: 10.1016/j.physa.2011.06.075

Pulsation of the growth rate of output and technology

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Abstract

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.

Related Organizations

Lomonosov Moscow State University
Russian Federation
Moscow State University of Economics, Statistics, and Informatics
Russian Federation

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