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Accumulation of capital, production functions and models of economic growth

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  • João Ferreira do Amaral

Abstract

This paper is about the possible interdependence of the assumptions related to the properties of the process of accumulation of capital and the properties of the production function as they are used in models of economic growth. The case of a semi-bounded substitution production function exemplifies this kind of interdependence and the consequent restrictions that may condition economic growth.

Suggested Citation

  • João Ferreira do Amaral, 2023. "Accumulation of capital, production functions and models of economic growth," Working Papers REM 2023/0270, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    • Handle: RePEc:ise:remwps:wp02702023
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    File URL: https://rem.rc.iseg.ulisboa.pt/wps/pdf/REM_WP_0270_2023.pdf
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    References listed on IDEAS

    as
    1. João Ferreira do Amaral, 2022. "Technological waves and economic growth: thoughts on the digital revolution," Working Papers REM 2022/0220, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
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      More about this item

      Keywords

      economic growth; technological change; innovation; production function.;
      All these keywords.

      JEL classification:

      • E10 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - General
      • E11 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Marxian; Sraffian; Kaleckian
      • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
      • N10 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - General, International, or Comparative
      • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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