Capital‑embodied technological progress and obsolescence: How do they affect investment behaviour?
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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This paper analyses how technological progress embodied in capital goods raises productivity and income, while at the same time it can modify the allocation of consumption, investment and the capital stock. With capital-embodied technological progress, new capital goods become more productive, thus more valuable, but the production capacity of the...
