(423) a note on life of capital and economic growth ملاحظة حول حياة رأس المال والنمو الاقتصادي
This study examines the relationship between the economic life of capital and economic growth within the framework of aggregate growth models that permit continuous substitution among factors of production. The paper aims to analyze how the productive life of capital influences methods of combining...
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| Định dạng: | Other |
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the institute of national planning
2018
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| Truy cập trực tuyến: | http://repository.inp.edu.eg/handle/123456789/3872 |
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| _version_ | 1869359360354811904 |
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| author | qayum, A. |
| author_facet | qayum, A. |
| author_sort | qayum, A. |
| collection | DSpace |
| description | This study examines the relationship between the economic life of capital and economic growth within the framework of aggregate growth models that permit continuous substitution among factors of production. The paper aims to analyze how the productive life of capital influences methods of combining production factors and estimating their marginal productivity, while emphasizing the theoretical and practical implications of these relationships for economic growth analysis. The study begins by discussing several procedures employed in growth models to explain interactions between labor and capital. It reviews an approach associated with the work of Tinbergen, Solow, and other economists that assumes substitution possibilities among the total quantities of production factors available within the economy. Under this approach, total labor and total capital are combined through an aggregate production function used to explain growth behavior and determine factor productivity. The paper also examines an alternative approach based on the assumption that substitution possibilities exist before investment decisions are implemented but not afterward. According to this method, new investment flows are combined with available labor supplies, creating a different interpretation of the relationship between investment processes and capital accumulation dynamics. The study focuses particularly on the effect of capital life on economic growth outcomes. It argues that assuming capital assets remain productive for multiple periods generates different analytical results compared with models that assume complete capital consumption within a single period. Variations in the productive life of capital influence the rate of capital accumulation, levels of output, and the marginal productivity of production factors, ultimately affecting long-term economic growth paths. The academic significance of the study lies in its contribution to growth theory through the incorporation of capital life considerations into analytical models. Such an approach improves the explanatory power of economic models and enhances their relevance for understanding real economic conditions and supporting development policy formulation. |
| format | Other |
| id | ir-123456789-3872 |
| institution | My University |
| language | other |
| publishDate | 2018 |
| publisher | the institute of national planning |
| record_format | dspace |
| spelling | ir-123456789-38722026-06-25T11:12:58Z (423) a note on life of capital and economic growth ملاحظة حول حياة رأس المال والنمو الاقتصادي qayum, A. economic growth production possibilities combination This study examines the relationship between the economic life of capital and economic growth within the framework of aggregate growth models that permit continuous substitution among factors of production. The paper aims to analyze how the productive life of capital influences methods of combining production factors and estimating their marginal productivity, while emphasizing the theoretical and practical implications of these relationships for economic growth analysis. The study begins by discussing several procedures employed in growth models to explain interactions between labor and capital. It reviews an approach associated with the work of Tinbergen, Solow, and other economists that assumes substitution possibilities among the total quantities of production factors available within the economy. Under this approach, total labor and total capital are combined through an aggregate production function used to explain growth behavior and determine factor productivity. The paper also examines an alternative approach based on the assumption that substitution possibilities exist before investment decisions are implemented but not afterward. According to this method, new investment flows are combined with available labor supplies, creating a different interpretation of the relationship between investment processes and capital accumulation dynamics. The study focuses particularly on the effect of capital life on economic growth outcomes. It argues that assuming capital assets remain productive for multiple periods generates different analytical results compared with models that assume complete capital consumption within a single period. Variations in the productive life of capital influence the rate of capital accumulation, levels of output, and the marginal productivity of production factors, ultimately affecting long-term economic growth paths. The academic significance of the study lies in its contribution to growth theory through the incorporation of capital life considerations into analytical models. Such an approach improves the explanatory power of economic models and enhances their relevance for understanding real economic conditions and supporting development policy formulation. يتناول هذا البحث العلاقة بين العمر الاقتصادي لرأس المال وعمليات النمو الاقتصادي في إطار النماذج التجميعية للنمو التي تسمح بإمكانية الإحلال المستمر بين عناصر الإنتاج. وتهدف الدراسة إلى تحليل الكيفية التي يؤثر بها العمر الإنتاجي لرأس المال على أساليب دمج عناصر الإنتاج وتقدير إنتاجيتها الحدية، مع التركيز على الآثار النظرية والعملية لهذه العلاقة في نماذج النمو الاقتصادي. تبدأ الدراسة بمناقشة عدد من الإجراءات المستخدمة في نماذج النمو لتفسير العلاقة بين العمل ورأس المال. ويستعرض البحث منهجًا يرتبط بأعمال تينبرجن وسولو وغيرهما، والذي يقوم على افتراض إمكانية الإحلال بين إجمالي الكميات المتاحة من عناصر الإنتاج. ووفقاً لهذا المنهج، يتم دمج العمل ورأس المال الكليين في إطار دالة إنتاج كلية تستخدم في تفسير النمو الاقتصادي وتحديد الإنتاجية الحدية لعناصر الإنتاج. كما يناقش البحث منهجاً آخر يفترض وجود إمكانيات للإحلال بين عناصر الإنتاج قبل عملية الاستثمار، ولكن ليس بعد تنفيذها، حيث يتم دمج الاستثمارات الجديدة مع عناصر العمل المتاحة. ويشير إلى أن هذا الأسلوب يختلف عن النماذج التقليدية في تعامله مع العلاقة الديناميكية بين الاستثمار وتراكم رأس المال. ويركز البحث بصورة أساسية على تأثير العمر الإنتاجي لرأس المال، موضحاً أن افتراض بقاء رأس المال لفترات زمنية متعددة يؤدي إلى نتائج مختلفة عن تلك التي تنتج عن افتراض استهلاكه الكامل خلال فترة واحدة. كما يوضح أن اختلاف العمر الاقتصادي للأصول الرأسمالية يؤثر في معدلات تراكم رأس المال، ومستويات الإنتاج، والإنتاجية الحدية لعناصر الإنتاج، وبالتالي في مسار النمو الاقتصادي نفسه. وتتمثل الأهمية العلمية للدراسة في تقديم معالجة نظرية تساهم في تطوير نماذج النمو الاقتصادي من خلال إدماج عنصر العمر الاقتصادي لرأس المال، بما يعزز دقة التحليل الاقتصادي وقدرة النماذج على تفسير الواقع الاقتصادي وتوجيه السياسات التنموية. 2018-08-06T09:43:56Z 2018-08-06T09:43:56Z 1964-04-09 Other http://repository.inp.edu.eg/handle/123456789/3872 other External notes;423 application/pdf the institute of national planning |
| spellingShingle | economic growth production possibilities combination qayum, A. (423) a note on life of capital and economic growth ملاحظة حول حياة رأس المال والنمو الاقتصادي |
| title | (423) a note on life of capital and economic growth
ملاحظة حول حياة رأس المال والنمو الاقتصادي |
| title_full | (423) a note on life of capital and economic growth
ملاحظة حول حياة رأس المال والنمو الاقتصادي |
| title_fullStr | (423) a note on life of capital and economic growth
ملاحظة حول حياة رأس المال والنمو الاقتصادي |
| title_full_unstemmed | (423) a note on life of capital and economic growth
ملاحظة حول حياة رأس المال والنمو الاقتصادي |
| title_short | (423) a note on life of capital and economic growth
ملاحظة حول حياة رأس المال والنمو الاقتصادي |
| title_sort | 423 a note on life of capital and economic growth ملاحظة حول حياة رأس المال والنمو الاقتصادي |
| topic | economic growth production possibilities combination |
| url | http://repository.inp.edu.eg/handle/123456789/3872 |
| work_keys_str_mv | AT qayuma 423anoteonlifeofcapitalandeconomicgrowthmlạḥẓẗḥwlḥyạẗrạsạlmạlwạlnmwạlạqtṣạdy |