The entropy production function and its application to the multi-commodity and multi-sector model

1994 ◽  
Vol 28 (4) ◽  
pp. 345-367 ◽  
Author(s):  
Toshihiko Miyagi
2009 ◽  
Vol 54 (02) ◽  
pp. 183-196
Author(s):  
NICHOLAS C. S. SIM

This paper explains how indeterminacy in a one-sector model may arise due to externalities in the disutility of labor supply, which is termed as demand-side indeterminacy. This contrasts supply-side indeterminacy that is driven by externalities in the production function as exemplified by Benhabib and Farmer (Journal of Economic Theory, 1994). For the one-sector models considered, I find that indeterminacy arises more easily from the demand than from the supply side. In addition, demand and supply-side indeterminacy generate different cyclical patterns of wages, a feature that is useful for identifying episodes of self-fulfilling prophecies within the two types of indeterminacy.


2019 ◽  
Author(s):  
Yuuki Maruyama

Government intervention in the market and industrial policy tend not to be considered good. However, as can be seen from the Cobb-Douglas production function, capital has the effect of increasing the marginal productivity of labor, and the effect is greater in industries with high labor share (labor-intensive industries). For this reason, if a Pigovian tax is imposed on capital-intensive industries, some capital will move to labor-intensive industries and workers' wages will increase. This paper uses a two-sector model to analyze the optimal Pigovian tax rate that will maximize the income of workers. It shows that the optimal Pigovian tax rate is higher in countries with higher productivity in capital-intensive industries and have more capital and less population.


2018 ◽  
Vol 9 (9) ◽  
pp. 825-832
Author(s):  
James M. Alin ◽  
◽  
Datu Razali Datu Eranza ◽  
Arsiah Bahron ◽  
◽  
...  

Seaweed-Kappaphycus-Euchema Cottonii and Denticulum species was first cultivated at Sabah side of Sebatik in 2009. By November 2014, sixty one Sabahan seaweed farmers cultivated 122 ha or 3,050 long lines. Thirty Sabahan seaweed farmers in Kampung Pendekar (3.2 m.t dried) and 31 in Burst Point (12.5 m.t dried) produced 16 metric tonnes of dried seaweed contributed 31% to Tawau’s total production (51 m.t). The remaining 69% were from farmers in Cowie Bay that separates Sebatik from municipality of Tawau. Indonesian in Desa Setabu, Sebatik started in 2008. However, the number of Indonesian seaweed farmers, their cultivated areas and production (as well as quality) in Sebatik increased many times higher and faster than the Sabah side of Sebatik. In 2009 more than 1,401 households in Kabupaten Nunukan (including Sebatik) cultivated over 700 ha and have produced 55,098.95 and 116, 73 m.t dried seaweed in 2010 and 2011 respectively. There is a divergence in productions from farming the sea off the same island under similar weather conditions. Which of the eight explanatory factors were affecting production of seaweeds in Sebatik? Using Cobb Douglas production function, Multiple Regression analysis was conducted on 100 samples (50 Sabahan and 50 Indonesian). Results; Variable significant at α = 0.05% are Experience in farming whereas Farm size; Quantity of propagules and Location — Dummy are the variables significant at α 0.01%. Not significant are variables Fuel; Age; Number of family members involved in farming and Education level.


2019 ◽  
Vol 1 (1) ◽  
pp. 16-23
Author(s):  
Farhad Savabi ◽  

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