A Variant of Uzawa's Theorem
Uzawa (1961) has shown that balanced growth requires technological progress to be strictly Harrod neutral (purely labor-augmenting). This paper offers a slightly more general variant of the theorem that does not require assumptions about savings behavior or factor pricing and is much easier to prove.
Volume (Year): 5 (2006)
Issue (Month): 6 ()
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References listed on IDEAS
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"Inflation and Economic Growth,"
Annals of Economics and Finance,
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