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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Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number
10921.
Length: Date of creation: Nov 2004 Date of revision: Handle: RePEc:nbr:nberwo:10921
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Find related papers by JEL classification: E1 - Macroeconomics and Monetary Economics - - General Aggregative Models O4 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
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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.:
Solow, Robert M., 1999.
"Neoclassical growth theory,"
Handbook of Macroeconomics,
in: J. B. Taylor & M. Woodford (ed.), Handbook of Macroeconomics, edition 1, volume 1, chapter 9, pages 637-667
Elsevier.
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