Abstract
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 language | English |
|---|---|
| Pages (from-to) | 142-149 |
| Number of pages | 8 |
| Journal | Journal of Comparative Economics |
| Volume | 15 |
| Issue number | 1 |
| DOIs | |
| Publication status | Published - 1991 |
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ASJC Scopus subject areas
- Economics and Econometrics
Cite this
Technical progress and the responses of an illyrian firm. / Haruna, Shoji.
In: Journal of Comparative Economics, Vol. 15, No. 1, 1991, p. 142-149.Research output: Contribution to journal › Article
}
TY - JOUR
T1 - Technical progress and the responses of an illyrian firm
AU - Haruna, Shoji
PY - 1991
Y1 - 1991
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.
UR - http://www.scopus.com/inward/record.url?scp=36049013782&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=36049013782&partnerID=8YFLogxK
U2 - 10.1016/0147-5967(91)90111-6
DO - 10.1016/0147-5967(91)90111-6
M3 - Article
VL - 15
SP - 142
EP - 149
JO - Journal of Comparative Economics
JF - Journal of Comparative Economics
SN - 0147-5967
IS - 1
ER -