Technical Progress and Long-Run Growth
Rivista di Politica Economica Selected Paper From n. 3 1969
46 Pages Posted: 23 Sep 2009 Last revised: 18 Oct 2009
Date Written: December 1, 1969
The types of technical progress currently referred to in the theory of economic growth will be passed in review and their relations studied in detail. Light will also be 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.
Keywords: Technical progress, growth theory, neoclassical growth model
JEL Classification: 030, 041
Suggested Citation: Suggested Citation