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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

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    File URL: https://mpra.ub.uni-muenchen.de/17464/1/MPRA_paper_17464.pdf
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    References listed on IDEAS

    as
    1. R. Sato & M. J. Beckmann, 1968. "Neutral Inventions and Production Functions," Review of Economic Studies, Oxford University Press, vol. 35(1), pages 1-2.
    2. E. S. Phelps, 1966. "Models of Technical Progress and the Golden Rule of Research," Review of Economic Studies, Oxford University Press, vol. 33(2), pages 133-145.
    3. T. W. Swan, 1956. "ECONOMIC GROWTH and CAPITAL ACCUMULATION," The Economic Record, The Economic Society of Australia, vol. 32(2), pages 334-361, November.
    4. 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.
    5. Swan, Trevor W, 2002. "Economic Growth," The Economic Record, The Economic Society of Australia, vol. 78(243), pages 375-380, December.
    6. H. Uzawa, 1961. "Neutral Inventions and the Stability of Growth Equilibrium," Review of Economic Studies, Oxford University Press, vol. 28(2), pages 117-124.
    7. F. M. Fisher, 1968. "Embodied Technology and the Aggregation of Fixed and Movable Capital Goods," Review of Economic Studies, Oxford University Press, vol. 35(4), pages 417-428.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    economic growth; technical progress classifications; long-run growth; neoclassical growth model;

    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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