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Technical Progress and Long-Run Growth

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  • Chilosi, Alberto
  • Gomulka, Stanislaw

Abstract

The types of technical progress referred to in the theory of economic growth are passed in review and their relations studied in detail. Light is also shed on the dependence of the long-run rate of growth, in the presence of a constant rate of saving, on the type of technical progress taking place in the economy, both in the most general case and in that of an aggregate C.E.S. production function; what happens in this respect in the case when technical progress is Harrod neutral is well known, the same cannot be said of the case when technical progress is not Harrod neutral.

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File URL: http://mpra.ub.uni-muenchen.de/17464/
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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 17464.

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Date of creation: Dec 1969
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Handle: RePEc:pra:mprapa:17464

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Keywords: economic growth; technical progress classifications; long-run growth; neoclassical growth model;

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  1. T. W. Swan, 1956. "ECONOMIC GROWTH and CAPITAL ACCUMULATION," The Economic Record, The Economic Society of Australia, vol. 32(2), pages 334-361, November.
  2. Swan, Trevor W, 2002. "Economic Growth," The Economic Record, The Economic Society of Australia, vol. 78(243), pages 375-80, December.
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