Measuring Technical Progress in Gross and Net Products
AbstractOn the optimal path of an economy with capital and non-renewable resource inputs, and constant returns output of consumption and investment, the rate of exogenous technical progress in net national product equals the rate of progress in (gross) production, divided by one minus the production elasticity of the resource flow.
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Bibliographic InfoPaper provided by Australian National University, Economics and Environment Network in its series Economics and Environment Network Working Papers with number 0202.
Length: 5 pages
Date of creation: Jan 2002
Date of revision:
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Web page: http://een.anu.edu.au/
exogenous technical progress; net national product; non-renewable resources;
Other versions of this item:
- Pezzey, John C. V., 2003. "Measuring technical progress in gross and net products," Economics Letters, Elsevier, vol. 78(2), pages 247-252, February.
- O30 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - General
- Q30 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - General
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