Diminishing Returns from Investment

Knight, Frank H.

doi:10.1086/256134

Cited by 118 publications

(51 citation statements)

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“…Frank Knight (1936Knight ( , 1944 completely rejected the concept of the "stationary state", on the grounds that there is no tendency to diminishing returns to capital accumulation. 10 The notion that the rate of return on capital tends to zero was also rejected by Henry Simons (1942), but on the somewhat distinct grounds that the demand for durable assets increases rapidly at very low but positive interest rates, an argument he attributed to Gustav Cassel (1903).…”

Section: Alvin Hansen and The Origins Of The Stagnation Thesismentioning

confidence: 99%

Secular stagnation: The history of a macroeconomic heresy

Backhouse¹,

Boianovsky²

2016

The European Journal of the History of Economic Thought

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Section: Alvin Hansen and The Origins Of The Stagnation Thesismentioning

confidence: 99%

Secular stagnation: The history of a macroeconomic heresy

Backhouse¹,

Boianovsky²

2016

The European Journal of the History of Economic Thought

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“…We assume that there is only one investment good. Suppose that A comes from 11 In capital theory, the "Crusonia vine" of Knight (1944) is a pure version of a self productive process. His vine grows at a fixed rate of g per year, independently of any inputs once the seed is sown.…”

Section: S T−1 )mentioning

confidence: 99%

Chapter 12 Interpreting the Evidence on Life Cycle Skill Formation

Cunha

Heckman

Lochner

et al. 2006

Handbook of the Economics of Education

630

199

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“…Decades of research led to detailed descriptions of such relationships (Knight 1994;Le Galliard et al 2003). Modeling approaches can be broadly divided into theoretical, based upon models stemming from the hypothesized relationships of individual components (Glomm and Ravikumar 1994); and empirical, based on fitting curves on actual data (Wilkinson 1984).…”

Section: Linear or Diminishing Returnsmentioning

confidence: 99%

Port connectivity indices: an application to European RoRo shipping

et al. 2016

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In recent years, there has been significant interest in the development of connectivity indicators for ports. For short sea shipping, especially in Europe, Roll-on Roll-off (RoRo) shipping is almost equally important as container shipping. In contrast with container shipping, RoRo shipments are primarily direct, thus the measurement of its connectivity requires a different methodology. In this paper, we present a methodology for measuring the RoRo connectivity of ports and illustrate its use through an application to European RoRo shipping. We apply the methodology on data collected from 23 different RoRo shipping service providers concerning 620 unique routes connecting 148 ports. We characterize the connectivity of the ports in our sample and analyze the results. We show that in terms of RoRo connectivity, neither the number of links nor the link quality (frequency, number of competing providers, minimum number of indirect stops) strictly dominate the results of our proposed indicator. The highest ranking ports combine link quality and number. Finally, we highlight promising areas for future research based on the insights obtained.

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Diminishing Returns from Investment

Cited by 118 publications

References 0 publications

Secular stagnation: The history of a macroeconomic heresy

Secular stagnation: The history of a macroeconomic heresy

Chapter 12 Interpreting the Evidence on Life Cycle Skill Formation

Port connectivity indices: an application to European RoRo shipping

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