Comments on: Dissecting Dubai – Part 4: Output, O = ƒ(K,L) http://the-fuqua-experience.com/blog/2009/11/16/dissecting-dubai-%e2%80%93-part-4-output-o-%c6%92kl/ Duke Cross Continent MBA Sun, 05 Sep 2010 23:31:39 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Shailesh Nair http://the-fuqua-experience.com/blog/2009/11/16/dissecting-dubai-%e2%80%93-part-4-output-o-%c6%92kl/comment-page-1/#comment-261 Shailesh Nair Mon, 16 Nov 2009 13:37:41 +0000 http://the-fuqua-experience.com/?p=1475#comment-261 I can't say I totally agree with your article. People are tangible assets therefore they would be depreciated and not amortized (the ghost of accounting past). On a serious note though, I feel there is flaw in the equation as far as Dubai is concerned. From what I see Dubai is more of K=f(K,L) - they are using K and L to build more K. I don't see any production happening - only capital being built and traded. It's more of a trading hub - no production happening; more of imports than any tangible exports. I can’t say I totally agree with your article. People are tangible assets therefore they would be depreciated and not amortized (the ghost of accounting past).

On a serious note though, I feel there is flaw in the equation as far as Dubai is concerned. From what I see Dubai is more of K=f(K,L) – they are using K and L to build more K. I don’t see any production happening – only capital being built and traded. It’s more of a trading hub – no production happening; more of imports than any tangible exports.

]]> By: Syed Husain http://the-fuqua-experience.com/blog/2009/11/16/dissecting-dubai-%e2%80%93-part-4-output-o-%c6%92kl/comment-page-1/#comment-259 Syed Husain Mon, 16 Nov 2009 12:32:31 +0000 http://the-fuqua-experience.com/?p=1475#comment-259 What do you mean the wrong group? It works as long as the replacement policy moves slowly and they start offering some kind of permanent residency to people who would like to settle in Dubai. I doubt it would work if they decided one fine day that they wanted to replace all of the foreign workers with Emiratees within a year. What do you mean the wrong group?
It works as long as the replacement policy moves slowly and they start offering some kind of permanent residency to people who would like to settle in Dubai. I doubt it would work if they decided one fine day that they wanted to replace all of the foreign workers with Emiratees within a year.

]]> By: Randy Zwitch http://the-fuqua-experience.com/blog/2009/11/16/dissecting-dubai-%e2%80%93-part-4-output-o-%c6%92kl/comment-page-1/#comment-258 Randy Zwitch Mon, 16 Nov 2009 12:31:10 +0000 http://the-fuqua-experience.com/?p=1475#comment-258 Dude, you're killing me! The theme of my next post was going to be how cleanly everyone is separated into K and L (or useless). Next time you're going off to party with the rich and/or famous, do let me know. Dude, you’re killing me! The theme of my next post was going to be how cleanly everyone is separated into K and L (or useless).

Next time you’re going off to party with the rich and/or famous, do let me know.

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