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Biased innovations in the Harrod-Domar model


  • Hernando Zuleta



This paper presents an endogenous growth model where the aggre- gate production function is a Leontief (1941) and long run growth is completely explained through biased technological change. Under this framework we get two results: (i) if the income share of reproducible factors is high enough, in the long run the economy presents a positive balanced growth path; (ii) if the in- come share of reproducible factors is low, in the long run the economy behaves as a Harrod-Domar economy without long run growth. **************************************************************************************************************** En este artículo se presenta un modelo de crecimiento donde la función de producción es del tipo Leontief (1941), la tasa de ahorro es endógena y el crecimiento de largo plazo es explicado por cambio tecnológico sesgado. En este entorno se obtienen dos resultados: (i) si la participación de los factores reproducibles en el producto es suficientemente alta, en el largo plazo la economía presenta una senda de crecimiento balanceado; (ii) si, en cambio, la participación de los factores reproducibles es baja, en el largo plazo no hay crecimiento y la economía se comporta al estilo Harrod-Domar.

Suggested Citation

  • Hernando Zuleta, 2007. "Biased innovations in the Harrod-Domar model," REVISTA DE ECONOMÍA DEL ROSARIO, UNIVERSIDAD DEL ROSARIO, December.
  • Handle: RePEc:col:000151:004424

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    References listed on IDEAS

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