Technical progress and the responses of an illyrian firm

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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.

Original languageEnglish
Pages (from-to)142-149
Number of pages8
JournalJournal of Comparative Economics
Issue number1
Publication statusPublished - Mar 1991

ASJC Scopus subject areas

  • Economics and Econometrics


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