It does not correspond to any user ID in the web application and does not store any personally identifiable information. The cookie is used by cdn services like CloudFlare to identify individual clients behind a shared IP address and apply security settings on a per-client basis. These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly. ‘One-sector regional growth model’ (McCombie (1998) Urb. For example, workers in north China have moved to south-east China where wages are higher.This will tend to reduce real wage disparity and reduce the gap of capital-labour ratio.This will encourage workers to migrate from a low capital-labour ratio (low wage areas) to those with higher real wages.Capital-labour ratio and migrationĪreas with a high capital-labour ratio will tend to have higher real wages. In recessions capital to labour ratios tend to be higher as firms get rid of workers. In the short term, it is easier to vary labour than the capital stock. In countries with lower labour costs, it may not be necessary or advisable to invest in the mobile order equipment, therefore, they will have a lower capital to labour ratio This is a more efficient use of labour and so less is required. For example, in Europe, waiters are equipped with mobile devices to send the order directly to the kitchen. If labour costs are high, firms will look to substitute labour for capital. Typically, over time, firms tend to have a higher capital-labour ratio as they seek to gain productivity improvements from investment in capital and automating the production process. The capital-labour ratio (K/L) can measure the capital intensity of a firm. ![]() ![]() Capital to Labour ratio measures the ratio of capital employed to labour employed.
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