TY - JOUR
T1 - Technical progress and the responses of an illyrian firm
AU - Haruna, Shoji
PY - 1991/3
Y1 - 1991/3
N2 - This paper explores the behavioral properties of an Illyrian firm when technical progress occurs. The responses of the firm differ from those of a capitalist firm. If technical progress is Harrod-neutral, then the Illyrian firm keeps capital and output constant but reduces employment. The problem of technological unemployment is thus generated. This problem will be, in fact, a short-run one but not always a long-run one, because, as a result of the technical progress, new cooperatives enter an Illyrian industry and hence an opportunity for employment is created in the industry as a whole.
AB - This paper explores the behavioral properties of an Illyrian firm when technical progress occurs. The responses of the firm differ from those of a capitalist firm. If technical progress is Harrod-neutral, then the Illyrian firm keeps capital and output constant but reduces employment. The problem of technological unemployment is thus generated. This problem will be, in fact, a short-run one but not always a long-run one, because, as a result of the technical progress, new cooperatives enter an Illyrian industry and hence an opportunity for employment is created in the industry as a whole.
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U2 - 10.1016/0147-5967(91)90111-6
DO - 10.1016/0147-5967(91)90111-6
M3 - Article
AN - SCOPUS:36049013782
VL - 15
SP - 142
EP - 149
JO - Journal of Comparative Economics
JF - Journal of Comparative Economics
SN - 0147-5967
IS - 1
ER -
