IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/17464.html

Technical Progress and Long-Run Growth

Author

Listed:
  • Chilosi, Alberto
  • Gomulka, Stanislaw

Abstract

The types of technical progress referred to in the theory of economic growth are passed in review and their relations studied in detail. Light is also shed on the dependence of the long-run rate of growth, in the presence of a constant rate of saving, on the type of technical progress taking place in the economy, both in the most general case and in that of an aggregate C.E.S. production function; what happens in this respect in the case when technical progress is Harrod neutral is well known, the same cannot be said of the case when technical progress is not Harrod neutral.

Suggested Citation

  • Chilosi, Alberto & Gomulka, Stanislaw, 1969. "Technical Progress and Long-Run Growth," MPRA Paper 17464, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:17464
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/17464/1/MPRA_paper_17464.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. repec:bla:ecorec:v:78:y:2002:i:243:p:375-80 is not listed on IDEAS
    2. E. S. Phelps, 1966. "Models of Technical Progress and the Golden Rule of Research," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 33(2), pages 133-145.
    3. H. Uzawa, 1961. "Neutral Inventions and the Stability of Growth Equilibrium," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 28(2), pages 117-124.
    4. R. Sato & M. J. Beckmann, 1968. "Neutral Inventions and Production Functions," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 35(1), pages 1-2.
    5. Edmond S. Phelps, 1965. "Axioms for Factor Augmenting Technical Progress," Cowles Foundation Discussion Papers 196, Cowles Foundation for Research in Economics, Yale University.
    6. Robert M. Solow, 1956. "A Contribution to the Theory of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 70(1), pages 65-94.
    7. Joan Robinson, 1938. "The Classification of Inventions," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 5(2), pages 139-142.
    8. K. J. Arrow, 1971. "The Economic Implications of Learning by Doing," Palgrave Macmillan Books, in: F. H. Hahn (ed.), Readings in the Theory of Growth, chapter 11, pages 131-149, Palgrave Macmillan.
    9. T. W. Swan, 1956. "ECONOMIC GROWTH and CAPITAL ACCUMULATION," The Economic Record, The Economic Society of Australia, vol. 32(2), pages 334-361, November.
    10. F. M. Fisher, 1968. "Embodied Technology and the Aggregation of Fixed and Movable Capital Goods," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 35(4), pages 417-428.
    11. Trevor W. Swan, 1964. "Growth Models: Of Golden Ages and Production Functions," International Economic Association Series, in: Kenneth Berrill (ed.), Economic Development with Special Reference to East Asia, chapter 0, pages 3-18, Palgrave Macmillan.
    12. Franklin M. Fisher, 1965. "Embodied Technical Change and the Existence of an Aggregate Capital Stock," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 32(4), pages 263-288.
    13. E. Sheshinski, 1967. "Balanced Growth and Stability in the Johansen Vintage Model," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 34(2), pages 239-248.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Frédéric Lordon, 1991. "Théorie de la croissance : quelques développements récents [Deuxième partie : la redécouverte des rendements croissants]," Revue de l'OFCE, Programme National Persée, vol. 37(1), pages 191-243.
    2. Voosholz, Frauke, 2014. "A survey on modeling economic growth. With special interest on natural resource use," CAWM Discussion Papers 69, University of Münster, Münster Center for Economic Policy (MEP).
    3. Ekaterina Ponomareva & Alexandra Bozhechkova & Alexandr Knobel, 2012. "Factors of Economic Growth," Published Papers 172, Gaidar Institute for Economic Policy, revised 2013.
    4. Rossitsa Rangelova, 2008. "A Criticism of the Concept and Measure for Total Factor Productivity," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 30-49.
    5. López-Pueyo, Carmen & Barcenilla-Visús, Sara & Sanaú, Jaime, 2008. "International R&D spillovers and manufacturing productivity: A panel data analysis," Structural Change and Economic Dynamics, Elsevier, vol. 19(2), pages 152-172, June.
    6. Amavilah, Voxi Heinrich, 2014. "Knowledge = Technology + Human Capital and the Lucas and Romer Production Functions," MPRA Paper 58847, University Library of Munich, Germany.
    7. Pollak, Andreas, 2022. "A Unified Theory of Growth, Cycles and Unemployment - Part I: Technology, Competition and Growth," MPRA Paper 117768, University Library of Munich, Germany.
    8. Xavier Sala-i-Martin, 1990. "Lecture Notes on Economic Growth(I): Introduction to the Literature and Neoclassical Models," NBER Working Papers 3563, National Bureau of Economic Research, Inc.
    9. D. Besomi, 1999. "Harrod on the classification of technological progress. The origin of a wild-goose chase," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 52(208), pages 95-117.
    10. Amavilah, Voxi Heinrich, 2014. "Human Knowledge and a Commonsensical Measure of Human Capital: A Proposal," MPRA Paper 57670, University Library of Munich, Germany.
    11. Robert M. Solow, 2000. "La teoria neoclassica della crescita e della distribuzione," Moneta e Credito, Economia civile, vol. 53(210), pages 149-185.
    12. Irmen, Andreas, 2018. "A Generalized Steady-State Growth Theorem," Macroeconomic Dynamics, Cambridge University Press, vol. 22(4), pages 779-804, June.
    13. repec:ebl:ecbull:v:2:y:2002:i:1:p:1-15 is not listed on IDEAS
    14. Frank Gyimah Sackey & Emmanuel Orkoh & Mohammed Musah, 2024. "Investigating the impact of institutional quality under the petroleum price deregulation policy regime on the economic growth of Ghana," SN Business & Economics, Springer, vol. 4(11), pages 1-21, November.
    15. Hollanders, Hugo, 1999. "From Which Side to the Steady State of the Augmented Solow Model? The Role of Country-Specific Total Factor Productivity Growth Rates," Research Memorandum 003, Maastricht University, Maastricht Economic Research Institute on Innovation and Technology (MERIT).
    16. Campeanu Emilia & Gyorgy Attila, 2012. "How Can Romanian Government Boost Economic Growth?," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(2), pages 436-442, December.
    17. Gregory Casey & Ryo Horii, 2019. "A Multi-factor Uzawa Growth Theorem and Endogenous Capital-Augmenting Technological Change," ISER Discussion Paper 1051, Institute of Social and Economic Research, The University of Osaka.
    18. Wei-Bin Zhang, 2017. "Growth with Endogenous Capital, Knowledge, and Renewable Resources," Romanian Statistical Review, Romanian Statistical Review, vol. 65(1), pages 19-37, March.
    19. Michael Peneder & Karl Aiginger & Gernot Hutschenreiter & Markus Marterbauer, 2001. "Structural Change and Economic Growth," WIFO Studies, WIFO, number 20668.
    20. Voxi Heinrich Amavilah, 2005. "Solow and the Native Americans: Technological Residuals and the Economic Performance of U.S. Native American Economies," Development and Comp Systems 0505008, University Library of Munich, Germany.
    21. Cem Ertur & Wilfried Koch, 2007. "Growth, technological interdependence and spatial externalities: theory and evidence," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 22(6), pages 1033-1062.

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    JEL classification:

    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:17464. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.