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Tentative Notes on a Two-Sector Model with Induced Technical Progress

In: Readings in the Theory of Growth

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  • C. C. Weizsäcker

Abstract

In the last few years several authors have developed different theoretical models of induced technical progress. The two by now best known concepts are the technical progress function of Kaldor [5], [6] and the “ learning by doing ” function of Arrow [1]. A new type of technical progress function based on ideas of Fellner [3], [4] concerning the influence of factor markets on the direction of technical progress has recently been introduced by Kennedy [7], and the present author (in an unpublished paper; cf. [8]).

Suggested Citation

  • C. C. Weizsäcker, 1971. "Tentative Notes on a Two-Sector Model with Induced Technical Progress," Palgrave Macmillan Books, in: F. H. Hahn (ed.), Readings in the Theory of Growth, chapter 8, pages 61-67, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-349-15430-2_8
    DOI: 10.1007/978-1-349-15430-2_8
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