Input Substitution and Technical Change In U.S. High Tech Industries
The paper shows that in U.S. high-tech industry sector, capital and non-production worker are complementary to each other. Capital and production worker, however, are substitutes. Also, technical change in the sector concerned is material using and capital and labor saving. The major saving is in production worker.
MSU Digital Commons Citation
Diwan, Romesh and Chakraborty, Chandana, "Input Substitution and Technical Change In U.S. High Tech Industries" (1990). Department of Economics Faculty Scholarship and Creative Works. 31.