Capital is usually considered most times without taking into account the physical capital. Most believe that financial resource will be used to procure stuff like tech. Thereby, Financial resource is all that is needed.
Noha A. Mostafa
- Technology is not just resources to be bought 'financially" and that's it! management of technology and innovation should be taken into account.
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Kidanemariam Gebregziabher Gebrehiwot
Dear Matthew,
The answer is yes. For instance we estimate a production function using labor and capital as input, technology is implicitly embedded in the capital input; that is why we drive marginal productivity of capital.
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