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A Variant of Uzawa's Theorem

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  • Ekkehart Schlicht

    ()
    (Department of Economics, University of Munich)

Abstract

Uzawa (1961) has shown that balanced growth requires technological progress to be strictly Harrod neutral (purely labor-augmenting). This paper offers a slightly more general variant of the theorem that does not require assumptions about savings behavior or factor pricing and is much easier to prove.

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File URL: http://www.accessecon.com/pubs/EB/2006/Volume5/EB-06E10001A.pdf
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Bibliographic Info

Article provided by AccessEcon in its journal Economics Bulletin.

Volume (Year): 5 (2006)
Issue (Month): 6 ()
Pages: 1-5

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Handle: RePEc:ebl:ecbull:eb-06e10001

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Keywords: Harrod bias technological progress;

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References

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  1. Daron Acemoglu, 2003. "Labor- And Capital-Augmenting Technical Change," Journal of the European Economic Association, MIT Press, vol. 1(1), pages 1-37, 03.
  2. Robert J. Barro, 2013. "Inflation and Economic Growth," Annals of Economics and Finance, Society for AEF, vol. 14(1), pages 121-144, May.
  3. Olivier Jean Blanchard & Stanley Fischer, 1989. "Lectures on Macroeconomics," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262022834, December.
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Cited by:
  1. Andreas Irmen, 2010. "Steady-State Growth and the Elasticity of Substitution," CESifo Working Paper Series 2955, CESifo Group Munich.
  2. Andreas Irmen, 2013. "A Generalized Steady-State Growth Theorem," CREA Discussion Paper Series 13-26, Center for Research in Economic Analysis, University of Luxembourg.
  3. Growiec, Jakub, 2010. "Knife-edge conditions in the modeling of long-run growth regularities," Journal of Macroeconomics, Elsevier, vol. 32(4), pages 1143-1154, December.
  4. Vladimir D. Matveenko & Alexei V. Korolev, 2011. "What Is Common In Different Economic Growth Models?," DEGIT Conference Papers c016_075, DEGIT, Dynamics, Economic Growth, and International Trade.

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