A New Proof of Uzawa's Steady-State Growth Theorem
AbstractThis note revisits the proof of the steady-state growth theorem, first given by Uzawa in 1961.We provide a clear statement of the theorem, discuss intuition for why it holds, and present a new, elegant proof due to Schlicht (2006). Copyright by the President and Fellows of Harvard College and the Massachusetts Institute of Technology.
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Volume (Year): 90 (2008)
Issue (Month): 1 (February)
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