Technical Progress and Long-Run Growth
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.
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- Swan, Trevor W, 2002. "Economic Growth," The Economic Record, The Economic Society of Australia, vol. 78(243), pages 375-80, December.
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"Models of Technical Progress and the Golden Rule of Research,"
Cowles Foundation Discussion Papers
176, Cowles Foundation for Research in Economics, Yale University.
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- E. Sheshinski, 1967. "Balanced Growth and Stability in the Johansen Vintage Model," Review of Economic Studies, Oxford University Press, vol. 34(2), pages 239-248.
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