Exact(8)
Our production functions should be reinterpreted as value-added functions.
Section "Model formulation" describes the distribution channel structure, notations, demand functions, value-added functions, and the players' objective functions.
The aim of automatic identification systems is to increase efficiency, reduce data entry errors, and free up staff to perform more value-added functions.
The Investment Servicing line of business performs core custody and related value-added functions, such as providing institutional investors with clearing, payment and settlement services.
These decisions are likely going to be made where there is a strong complementarity in the value-added functions, particularly with reverse trade flows.
It is concluded that while even advanced countries with well developed markets might find it advantageous to actively intervene in industrial R&D, the two models should especially be considered in cases of economies that suffer from weak market signals, low retention of value-added functions, limited professional capacities, and limited institutional thickness and networks.
Similar(52)
For a linearly homogeneous Cobb Douglas production function on (K,L) and the imported input (F), we can write the value-added function ({text{VA}} = Y - p_{text{f}} F).
If (F) is chosen optimally for a given (p_{text{f}}), (K), and (L), then the value-added function is also a linearly homogenous Cobb Douglas on (K) and (L).
The report documents UNGEI's activities over the last 10 years and its value-added function in advancing the Millennium Development Goals as they relate to gender, education, poverty reduction and the Education for All goals.
Specifically, we estimate parameters of our value-added production function using NLS by adding a third-order or a fourth-order polynomial approximation in capital and material inputs [47].
Armington elasticities represent the elasticity of substitution in demand between imported commodities and domestic goods; whereas transformation elasticities include substitution elasticities among primary inputs in the value-added production function.
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