Capital formation, technical change and labour productivity improvement - analysis of a cross-section of Irish manufacturing industries 1953-1967

Abstract

The recent economic literature has given a good deal of attention to the analysis of production and technical change. During the second half of the 1950's, Solow published his path-breaking article on the causes of labour productivity improvements in the private non-farm sector of the American economy. Soon thereafter Massell was completing a similar analysis of American manufacturing industries. The introduction of a new production function - the CES - then followed and opened the door to a new generation of studies of production and technical change.