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Technical Progress and Long-Run Growth

Author

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  • 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
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    References listed on IDEAS

    as
    1. 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.
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    6. 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.
    7. Edmond S. Phelps, 1965. "Axioms for Factor Augmenting Technical Progress," Cowles Foundation Discussion Papers 196, Cowles Foundation for Research in Economics, Yale University.
    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.
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    More about this item

    Keywords

    economic growth; technical progress classifications; long-run growth; neoclassical growth model;
    All these keywords.

    JEL classification:

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

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