Study week on the econometric approach to development planning

Bibliographic data

Monograph

Identifikator:: 1824422792

URN:: urn:nbn:de:zbw-retromon-217476

Document type:: Monograph

Title:: Study week on the econometric approach to development planning

Place of publication:: Amsterdam [u.a.]

Publisher:: North-Holland Publ. Co. [u.a.]

Year of publication:: 1965

Scope:: XLVII, 1259 S.; graph. Darst.

Digitisation:: 2022

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: The analysis of economic systems / Richard Stone, Cambridge University - Cambridge - Great Britain

Collection:: Economics Books

174 hh 4 0] INTERNATIONAL TRADE Money cost is much higher in the United States for the hand factories. But when the American machine product is compared with the hand product of Belgium and Sweden, the money cost is about the same — a little lower than in Sweden, a little higher than in Belgium. The main factor in all cases is the wages ex- pense. For the hand factories, this item is more than twice as high in the United States. The money wages for the workmen, and especially for the blowers, are higher than in the two European countries, in accord with the higher pecuniary standards pre- vailing in American industry at large; but the effectiveness of the labor is no greater; the wages cost per unit of product is therefore higher. In the machine factories, the American money rate of wages is also high; but the effectiveness of the labor which operates the machines is greater; therefore the wages cost per unit, while somewhat higher than in Belgium and Sweden, is by no means higher to the same degree as under the hand process. For both processes, the United States has lower money costs for fuel and power, a natural concomitant of the effectiveness of its labor in producing coal (as shown in the earlier pages of this chapter). In sum, the United States has greater effectiveness in producing window glass by the machine process, but no superi- ority at all in producing by the hand process; in other words, a comparative advantage in the former. For Japan and the United States I am able to cite data in which again money cost can be contrasted with labor cost, or at least with indicia of labor cost. The United States Tariff Commission caused inquiries to be made in 1921 on competition between the United States and Japan! Among the industries examined was the cotton manufacture; and in that industry, attention was given to certain staple products — yarns and plain woven goods — of such character that comparisons could readily be made between the conditions of production for the same articles in the two countries. It should be remarked, however, that the homo- 1 The Japanese Cotton Industry and Trade; Report by the United States Tariff Commission, 1921. The date to which the statements refer is 1920. The passages referred to in the text are at pp. 100, 114-117.

Access restriction

Copyright

fullscreen: Study week on the econometric approach to development planning

Monograph

Chapter

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation