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A New Technical Progress Function (1962)


  • Carl Christian von Weizsäcker


In this paper, I show that labour-saving or capital-saving technical progress is induced by the distribution of income between capital and labour. In the long run, technical progress is Harrod neutral. The long-run equilibrium factor income distribution is determined by a parameter of the technical progress function. Copyright 2010 The Authors. Journal Compilation Verein für Socialpolitik and Blackwell Publishing Ltd. 2010.

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  • Carl Christian von Weizsäcker, 2010. "A New Technical Progress Function (1962)," German Economic Review, Verein für Socialpolitik, vol. 11, pages 248-265, August.
  • Handle: RePEc:bla:germec:v:11:y:2010:i::p:248-265

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    References listed on IDEAS

    1. Dewald, William G & Thursby, Jerry G & Anderson, Richard G, 1986. "Replication in Empirical Economics: The Journal of Money, Credit and Banking Project," American Economic Review, American Economic Association, vol. 76(4), pages 587-603, September.
    2. Andreas Diekmann, 2007. "Not the First Digit! Using Benford's Law to Detect Fraudulent Scientif ic Data," Journal of Applied Statistics, Taylor & Francis Journals, vol. 34(3), pages 321-329.
    3. Andreas Diekmann, 2002. "Diagnose von Fehlerquellen und methodische Qualität in der sozialwissenschaftlichen Forschung [Sources of Bias and Quality of Data in Social Science Research]," ITA manu:scripts 02_04, Institute of Technology Assessment (ITA).
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