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Measuring Technical Progress in Gross and Net Products

  • John C. V. Pezzey

    ()

    (Australian National University, Centre for Resource and Environmental Studies
    University of Bath, Department of Economics)

On the optimal path of an economy with capital and non-renewable resource inputs, and constant returns output of consumption and investment, the rate of exogenous technical progress in net national product equals the rate of progress in (gross) production, divided by one minus the production elasticity of the resource flow.

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File URL: http://een.anu.edu.au/download_files/een0202.pdf
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Paper provided by Australian National University, Economics and Environment Network in its series Economics and Environment Network Working Papers with number 0202.

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Length: 5 pages
Date of creation: Jan 2002
Date of revision:
Handle: RePEc:anu:eenwps:0202
Contact details of provider: Web page: http://een.anu.edu.au/

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  1. Weitzman, Martin L, 1997. " Sustainability and Technical Progress," Scandinavian Journal of Economics, Wiley Blackwell, vol. 99(1), pages 1-13, March.
  2. Weitzman, Martin L, 1976. "On the Welfare Significance of National Product in a Dynamic Economy," The Quarterly Journal of Economics, MIT Press, vol. 90(1), pages 156-62, February.
  3. Asheim, Geir B, 1997. " Adjusting Green NNP to Measure Sustainability," Scandinavian Journal of Economics, Wiley Blackwell, vol. 99(3), pages 355-70, September.
  4. Asheim,G.B. & Weitzman,M.L., 2001. "Does NNP growth indicate welfare improvement?," Memorandum 02/2001, Oslo University, Department of Economics.
  5. Asheim, G.B., 1998. "Green National Accounting: Why and How?," Memorandum 08/1998, Oslo University, Department of Economics.
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