研討日期

2008年11月01日11:50 ~ 13:00

研討地點

台大社會科學院經濟系會議室

題目

‘Happy Are the Poor’: An Austrian Tale of Roundabout Production

作者

Hiroshi Ohta

文獻出處

Working Paper

報告人

Hiroshi Ohta

參加人員

Toshihiro Ichida、Hiroshi Ohta、麥朝成、黃鴻、徐則謙、林晏如、鍾嘒陵、王佳琪、曾靜枝、林燕淑、王光正、陳金盛、蔡明芳、吳世傑、梁文榮、高國峯、丁虹仁、彭正浩、涂光億、許淑媖、張志偉

摘要

Economic development may not require capital-intensive methods of production. Using a simple Austrian model, we show that if labor productivity in the primary sector is low enough, roundabout methods of production become feasible. Moreover, it is the more labor-intensive methods that yield the greater final output. A higher labor productivity may appear to be geared to greater final output, all the more if combined with a higher output elasticity of capital under more capital-intensive roundabout methods of production. But when primary labor productivity is high enough (relative to the total factor productivity of final output) the roundabout methods become strictly inferior to the direct method. Thus, whenever roundabout methods are feasible, the more labor-intensive methods become superior to the more capital-intensive methods. If output elasticity of capital is large enough, labor-intensive methods become infeasible, and roundabout methods fail.

備註