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The Steady-State Growth Theorem: A Comment on Uzawa (1961)

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  • Charles I. Jones
  • Dean Scrimgeour

Abstract

This brief note revisits the proof of the Steady-State Growth Theorem, first provided by Uzawa (1961). We provide a clear statement of the theorem and a new version of Uzawa's proof that makes the intuition underlying the result more apparent.

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File URL: http://www.nber.org/papers/w10921.pdf
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Bibliographic Info

Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 10921.

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Date of creation: Nov 2004
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Publication status: published as Charles I. Jones & Dean Scrimgeour, 2008. "A New Proof of Uzawa's Steady-State Growth Theorem," The Review of Economics and Statistics, MIT Press, vol. 90(1), pages 180-182, November.
Handle: RePEc:nbr:nberwo:10921

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  1. Emmanuel M. Drandakis & Edmond S. Phelps, 1965. "A Model of Induced Invention, Growth and Distribution," Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University 186, Cowles Foundation for Research in Economics, Yale University.
  2. Robert E. Hall & Charles I. Jones, 1999. "Why Do Some Countries Produce So Much More Output per Worker than Others?," NBER Working Papers 6564, National Bureau of Economic Research, Inc.
  3. Daron Acemoglu, 2003. "Labor- And Capital-Augmenting Technical Change," Journal of the European Economic Association, MIT Press, MIT Press, vol. 1(1), pages 1-37, 03.
  4. Solow, Robert M., 1999. "Neoclassical growth theory," Handbook of Macroeconomics, Elsevier, in: J. B. Taylor & M. Woodford (ed.), Handbook of Macroeconomics, edition 1, volume 1, chapter 9, pages 637-667 Elsevier.
  5. Charles I. Jones, 2005. "The Shape of Production Functions and the Direction of Technical Change," The Quarterly Journal of Economics, MIT Press, MIT Press, vol. 120(2), pages 517-549, May.
  6. Mankiw, N Gregory & Romer, David & Weil, David N, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, MIT Press, MIT Press, vol. 107(2), pages 407-37, May.
  7. Peter Klenow & Andrés Rodríguez-Clare, 1997. "The Neoclassical Revival in Growth Economics: Has It Gone Too Far?," NBER Chapters, in: NBER Macroeconomics Annual 1997, Volume 12, pages 73-114 National Bureau of Economic Research, Inc.
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Cited by:
  1. Vladimir D. Matveenko & Alexei V. Korolev, 2011. "What Is Common In Different Economic Growth Models?," DEGIT Conference Papers, DEGIT, Dynamics, Economic Growth, and International Trade c016_075, DEGIT, Dynamics, Economic Growth, and International Trade.
  2. Kieran McQuinn & Karl Whelan, 2007. "Conditional convergence and the dynamics of the capital-output ratio," Journal of Economic Growth, Springer, Springer, vol. 12(2), pages 159-184, June.
  3. Young, Andrew T., 2010. "One of the things we know that ain't so: Is US labor's share relatively stable?," Journal of Macroeconomics, Elsevier, Elsevier, vol. 32(1), pages 90-102, March.
  4. repec:ebl:ecbull:v:5:y:2006:i:6:p:1-5 is not listed on IDEAS
  5. Krzysztof Cichy, 2009. "Human Capital and Technological Progress as the Determinants of Economic Growth," National Bank of Poland Working Papers, National Bank of Poland, Economic Institute 60, National Bank of Poland, Economic Institute.

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