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A Variant of Uzawa's Theorem

  • Schlicht, Ekkehart

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.

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File URL: http://epub.ub.uni-muenchen.de/897/1/schlicht_uzawas_theorem.pdf
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Paper provided by University of Munich, Department of Economics in its series Discussion Papers in Economics with number 897.

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Date of creation: Feb 2006
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Handle: RePEc:lmu:muenec:897
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  1. Robert J. Barro, 2012. "Inflation and Economic Growth," CEMA Working Papers 568, China Economics and Management Academy, Central University of Finance and Economics.
  2. Daron Acemoglu, 2003. "Labor- And Capital-Augmenting Technical Change," Journal of the European Economic Association, MIT Press, vol. 1(1), pages 1-37, 03.
  3. Olivier Jean Blanchard & Stanley Fischer, 1989. "Lectures on Macroeconomics," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262022834, June.
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