Technological waves, income functions and surplus-value of equipment : a new approach

• Autor(es): Amaral, João Ferreira do
• Data: 2024
• Identificador Persistente: http://hdl.handle.net/10400.5/95697
• Origem: Repositório da Universidade de Lisboa
• Assunto(s): economic growth; digital revolution; technological progress; innovation
• Tipo de Documento: Documento de trabalho
• Idioma: Inglês
• Contribuidor(es): Repositório Científico de Acesso Aberto da ULisboa

Descrição

The purpose of this paper is to study the relations between the concept of technical progress of a certain type (technological wave with technical progress embodied in innovative capital) and the concept of surplus-value of the stock of equipment. For that purpose we define an income function instead of a production function.