Induced Factor Augmenting Technical Progress from a Microeconomic Viewpoint
微观视角下的诱致要素增进型技术进步
In this paper the question of induced factor augmenting technical change in the context of the profit maximizing firm is addressed. The Kennedy innovation possibility frontier is employed to describe the opportunities available to the firm for factor augmentation and from it the direction of factor augmentation can be chosen. In addition, this opportunity curve can be shifted inwards or outwards according to the expenditure on research and development. The selection of the…