Quasi-fixed Inputs in U.S. and Japanese Manufacturing: a Generalized Leontief Restricted Cost Function Approach
开发了一个广义里昂惕夫可变成本函数,用于分析准固定投入的稳态水平和产能产出,并基于此评估了日本和美国制造业的要素需求模式,发现日本的需求响应灵活性较高。
In this paper, a generalized Leontief variable cost function is develope d which permits analytical derivation of steady state levels of quasi -fixed inputs and capacity output, and does not require specification of a numeraire input. This framework is then used to evaluate the fa ctor demand patterns of Japanese and U.S. manufacturing, based on bot h one quasi-fixed (capital) input and two quasi-fixed (capital and la bor) input specifications and both static and dynamic optimization. T he findings provide evidence of considerable flexibility of demand re sponses in Japan, which may have contributed to Japan's relatively st rong economic performance in the volatile 1970s. Copyright 1988 by MIT Press.