Factor Costs and Factor Use: An Analysis of Labor, Capital, and Natural Resource Inputs
A NEOCLASSICAL FRAMEWORK IS APPLIED TO ANALYZE TRENDS IN THE USAGE OF LABOR, CAPITAL, AND RESOURCE INPUTS WITHIN SEVERAL RESOURCE-INTENSIVE INDUSTRIES. THE BROAD PICTURE SHOWS A SUBSTITUTION OF RESOURCE INPUTS AND CAPITAL AGAINST LABOR. THE LONG-RUN ESSENTIALITY OF LABOR HAS PLAINLY BEEN REDUCED IN...
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| Veröffentlicht in: | South. Econ. J.; (United States) 1977-10, Vol.44 (2), p.222-239 |
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| container_title | South. Econ. J.; (United States) |
| container_volume | 44 |
| creator | Moroney, John R. Toevs, Alden L. |
| description | A NEOCLASSICAL FRAMEWORK IS APPLIED TO ANALYZE TRENDS IN THE USAGE OF LABOR, CAPITAL, AND RESOURCE INPUTS WITHIN SEVERAL RESOURCE-INTENSIVE INDUSTRIES. THE BROAD PICTURE SHOWS A SUBSTITUTION OF RESOURCE INPUTS AND CAPITAL AGAINST LABOR. THE LONG-RUN ESSENTIALITY OF LABOR HAS PLAINLY BEEN REDUCED IN EACH INDUSTRY THROUGH TECHNICAL FACTOR SUBSTITUTION. SINCE THIS PROCESS IN REVERSIBLE, CURRENT AND PROSPECTIVE RESOURCE SHORTAGES CAN BE PARTIALLY OFFSET BY DIRECT SUBSTITUTION AGAINST RESOURCE INPUTS. THIS CONCLUSION IS BASED ON ELASTICITIES EVALUATED AT SAMPLE MEANS OF THE REGRESSORS. THIS STUDY FOCUSES DELIBERATELY ON INDUSTRIES DISTINGUISHED BY INTENSIVE DIRECT CONSUMPTION OF RESOURCE INPUTS. THE REDUCTION OF MICRO-ESSENTIALITY THROUGH INPUT SUBSTITUTION IS AN IMPORTANT KEY TO THE ALLEVIATION OF MACRO-ESSENTIALITY. TABLES. EQUATIONS. REFERENCES. APPNDIX. |
| doi_str_mv | 10.2307/1057576 |
| format | Article |
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THE BROAD PICTURE SHOWS A SUBSTITUTION OF RESOURCE INPUTS AND CAPITAL AGAINST LABOR. THE LONG-RUN ESSENTIALITY OF LABOR HAS PLAINLY BEEN REDUCED IN EACH INDUSTRY THROUGH TECHNICAL FACTOR SUBSTITUTION. SINCE THIS PROCESS IN REVERSIBLE, CURRENT AND PROSPECTIVE RESOURCE SHORTAGES CAN BE PARTIALLY OFFSET BY DIRECT SUBSTITUTION AGAINST RESOURCE INPUTS. THIS CONCLUSION IS BASED ON ELASTICITIES EVALUATED AT SAMPLE MEANS OF THE REGRESSORS. THIS STUDY FOCUSES DELIBERATELY ON INDUSTRIES DISTINGUISHED BY INTENSIVE DIRECT CONSUMPTION OF RESOURCE INPUTS. THE REDUCTION OF MICRO-ESSENTIALITY THROUGH INPUT SUBSTITUTION IS AN IMPORTANT KEY TO THE ALLEVIATION OF MACRO-ESSENTIALITY. TABLES. EQUATIONS. REFERENCES. 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Econ. J.; (United States)</title><description>A NEOCLASSICAL FRAMEWORK IS APPLIED TO ANALYZE TRENDS IN THE USAGE OF LABOR, CAPITAL, AND RESOURCE INPUTS WITHIN SEVERAL RESOURCE-INTENSIVE INDUSTRIES. THE BROAD PICTURE SHOWS A SUBSTITUTION OF RESOURCE INPUTS AND CAPITAL AGAINST LABOR. THE LONG-RUN ESSENTIALITY OF LABOR HAS PLAINLY BEEN REDUCED IN EACH INDUSTRY THROUGH TECHNICAL FACTOR SUBSTITUTION. SINCE THIS PROCESS IN REVERSIBLE, CURRENT AND PROSPECTIVE RESOURCE SHORTAGES CAN BE PARTIALLY OFFSET BY DIRECT SUBSTITUTION AGAINST RESOURCE INPUTS. THIS CONCLUSION IS BASED ON ELASTICITIES EVALUATED AT SAMPLE MEANS OF THE REGRESSORS. THIS STUDY FOCUSES DELIBERATELY ON INDUSTRIES DISTINGUISHED BY INTENSIVE DIRECT CONSUMPTION OF RESOURCE INPUTS. THE REDUCTION OF MICRO-ESSENTIALITY THROUGH INPUT SUBSTITUTION IS AN IMPORTANT KEY TO THE ALLEVIATION OF MACRO-ESSENTIALITY. TABLES. EQUATIONS. REFERENCES. APPNDIX.</description><subject>290200 - Energy Planning & Policy- Economics & Sociology</subject><subject>290400 - Energy Planning & Policy- Energy Resources</subject><subject>ANALYTICAL SOLUTION</subject><subject>AVAILABILITY</subject><subject>Book value</subject><subject>CAPITAL</subject><subject>Capital costs</subject><subject>COMMERCE</subject><subject>Costs</subject><subject>Economic resources</subject><subject>Economic theory</subject><subject>ENERGY MODELS</subject><subject>ENERGY PLANNING, POLICY AND ECONOMY</subject><subject>ENERGY SHORTAGES</subject><subject>ENERGY SOURCES</subject><subject>Extractive industries</subject><subject>Factor costs</subject><subject>Factors</subject><subject>FUELS</subject><subject>Industrial products</subject><subject>INDUSTRY</subject><subject>INVESTMENT</subject><subject>LABOR</subject><subject>Manufacturing industries</subject><subject>Meat packing industry</subject><subject>MINERAL RESOURCES</subject><subject>Natural resources</subject><subject>RENEWABLE ENERGY SOURCES</subject><subject>Renewable resources</subject><subject>RESOURCE DEPLETION</subject><subject>RESOURCES</subject><subject>SOCIAL IMPACT</subject><subject>TECHNOLOGY UTILIZATION</subject><issn>0038-4038</issn><issn>2325-8012</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>1977</creationdate><recordtype>article</recordtype><sourceid>K30</sourceid><recordid>eNp10FFLwzAQB_AgCs4pfoWggi-rXi5N2_g2itPBUBCHjyFLU-yo7UzSh317oxv4NMjl4PgRLn9CLhncIYf8noHIRZ4dkRFyFEkBDI_JCIAXSRqvU3Lm_RoAkDExIh8zbULvaNn74KnuKrofLL19oNMuHt1ufeNpX9OFXvVuQku9aYJuJ3_8RYfB6Za-Wd8Pzlg67zZD8OfkpNattxf7PibL2eN7-ZwsXp_m5XSRGJR5SAwUtjIyr2SFrEp1yhBjFYBSQGaMtJhyXNU8qzFdCWFTlFZDpaXUBmvNx-Rq927cv1HeNMGaT9N3nTVBCZ4CQvaPNq7_HqwPah13jR_zChkynknJIro-hBhKBinnEqO63Snjeu-drdXGNV_abRUD9Zu_2ucf5c1Orn3M8yD7AXq4fqM</recordid><startdate>19771001</startdate><enddate>19771001</enddate><creator>Moroney, John R.</creator><creator>Toevs, Alden L.</creator><general>Southern Economic Association and the University of North Carolina at Chapel Hill</general><general>Southern Economic Association and the University of North Carolina</general><general>Southern Economic Association</general><scope>AAYXX</scope><scope>CITATION</scope><scope>EOLOZ</scope><scope>FUVTR</scope><scope>IOIBA</scope><scope>K30</scope><scope>PAAUG</scope><scope>PAWHS</scope><scope>PAWZZ</scope><scope>PAXOH</scope><scope>PBHAV</scope><scope>PBQSW</scope><scope>PBYQZ</scope><scope>PCIWU</scope><scope>PCMID</scope><scope>PCZJX</scope><scope>PDGRG</scope><scope>PDWWI</scope><scope>PETMR</scope><scope>PFVGT</scope><scope>PGXDX</scope><scope>PIHIL</scope><scope>PISVA</scope><scope>PJCTQ</scope><scope>PJTMS</scope><scope>PLCHJ</scope><scope>PMHAD</scope><scope>PNQDJ</scope><scope>POUND</scope><scope>PPLAD</scope><scope>PQAPC</scope><scope>PQCAN</scope><scope>PQCMW</scope><scope>PQEME</scope><scope>PQHKH</scope><scope>PQMID</scope><scope>PQNCT</scope><scope>PQNET</scope><scope>PQSCT</scope><scope>PQSET</scope><scope>PSVJG</scope><scope>PVMQY</scope><scope>PZGFC</scope><scope>4S-</scope><scope>4T-</scope><scope>8BJ</scope><scope>FQK</scope><scope>JBE</scope><scope>OTOTI</scope></search><sort><creationdate>19771001</creationdate><title>Factor Costs and Factor Use: An Analysis of Labor, Capital, and Natural Resource Inputs</title><author>Moroney, John R. ; 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Econ. J.; (United States)</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Moroney, John R.</au><au>Toevs, Alden L.</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Factor Costs and Factor Use: An Analysis of Labor, Capital, and Natural Resource Inputs</atitle><jtitle>South. Econ. J.; (United States)</jtitle><date>1977-10-01</date><risdate>1977</risdate><volume>44</volume><issue>2</issue><spage>222</spage><epage>239</epage><pages>222-239</pages><issn>0038-4038</issn><eissn>2325-8012</eissn><coden>SECJAR</coden><abstract>A NEOCLASSICAL FRAMEWORK IS APPLIED TO ANALYZE TRENDS IN THE USAGE OF LABOR, CAPITAL, AND RESOURCE INPUTS WITHIN SEVERAL RESOURCE-INTENSIVE INDUSTRIES. THE BROAD PICTURE SHOWS A SUBSTITUTION OF RESOURCE INPUTS AND CAPITAL AGAINST LABOR. THE LONG-RUN ESSENTIALITY OF LABOR HAS PLAINLY BEEN REDUCED IN EACH INDUSTRY THROUGH TECHNICAL FACTOR SUBSTITUTION. SINCE THIS PROCESS IN REVERSIBLE, CURRENT AND PROSPECTIVE RESOURCE SHORTAGES CAN BE PARTIALLY OFFSET BY DIRECT SUBSTITUTION AGAINST RESOURCE INPUTS. THIS CONCLUSION IS BASED ON ELASTICITIES EVALUATED AT SAMPLE MEANS OF THE REGRESSORS. THIS STUDY FOCUSES DELIBERATELY ON INDUSTRIES DISTINGUISHED BY INTENSIVE DIRECT CONSUMPTION OF RESOURCE INPUTS. THE REDUCTION OF MICRO-ESSENTIALITY THROUGH INPUT SUBSTITUTION IS AN IMPORTANT KEY TO THE ALLEVIATION OF MACRO-ESSENTIALITY. TABLES. EQUATIONS. REFERENCES. APPNDIX.</abstract><cop>Chapel Hill, N.C., etc</cop><pub>Southern Economic Association and the University of North Carolina at Chapel Hill</pub><doi>10.2307/1057576</doi><tpages>18</tpages></addata></record> |
| fulltext | fulltext |
| identifier | ISSN: 0038-4038 |
| ispartof | South. Econ. J.; (United States), 1977-10, Vol.44 (2), p.222-239 |
| issn | 0038-4038 2325-8012 |
| language | eng |
| recordid | cdi_proquest_journals_212136991 |
| source | Periodicals Index Online; EBSCOhost Business Source Complete; Jstor Complete Legacy |
| subjects | 290200 - Energy Planning & Policy- Economics & Sociology 290400 - Energy Planning & Policy- Energy Resources ANALYTICAL SOLUTION AVAILABILITY Book value CAPITAL Capital costs COMMERCE Costs Economic resources Economic theory ENERGY MODELS ENERGY PLANNING, POLICY AND ECONOMY ENERGY SHORTAGES ENERGY SOURCES Extractive industries Factor costs Factors FUELS Industrial products INDUSTRY INVESTMENT LABOR Manufacturing industries Meat packing industry MINERAL RESOURCES Natural resources RENEWABLE ENERGY SOURCES Renewable resources RESOURCE DEPLETION RESOURCES SOCIAL IMPACT TECHNOLOGY UTILIZATION |
| title | Factor Costs and Factor Use: An Analysis of Labor, Capital, and Natural Resource Inputs |
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