A Variant of Uzawa's Theorem

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A Variant of Uzawa's Theorem

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Ekkehart Schlicht () (Department of Economics, University of Munich)

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Ekkehart Schlicht

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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Article provided by Economics Bulletin in its journal Economics Bulletin.

Volume (Year): 5 (2006)
Issue (Month): 6 ()
Pages: 1-5
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Handle: RePEc:ebl:ecbull:v:5:y:2006:i:6:p:1-5

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Paper
- Schlicht, Ekkehart, 2006. "A Variant of Uzawa's Theorem," Discussion Papers in Economics 897, University of Munich, Department of Economics. [Downloadable!]

Find related papers by JEL classification:
E1 - Macroeconomics and Monetary Economics - - General Aggregative Models
E1 - Macroeconomics and Monetary Economics - - General Aggregative Models

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

Emmanuel M. Drandakis & Edmond S. Phelps, 1965. "A Model of Induced Invention, Growth and Distribution," Cowles Foundation Discussion Papers 186, Cowles Foundation, Yale University. [Downloadable!]
Daron Acemoglu, 2003. "Labor- And Capital-Augmenting Technical Change," Journal of the European Economic Association, MIT Press, vol. 1(1), pages 1-37, 03. [Downloadable!] (restricted)
Other versions:
- Daron Acemoglu, 2000. "Labor- and Capital- Augmenting Technical Change," NBER Working Papers 7544, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)

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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

Growiec, Jakub, 2008. "Knife-edge conditions in the modeling of long-run growth regularities," MPRA Paper 9956, University Library of Munich, Germany. [Downloadable!]

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