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 - Mar 1991 |
ASJC Scopus subject areas
- Economics and Econometrics
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Cite this
Haruna, S. (1991). Technical progress and the responses of an illyrian firm. Journal of Comparative Economics, 15(1), 142-149. https://doi.org/10.1016/0147-5967(91)90111-6