A Variant of Uzawa's Theorem

Uzawa (1961) has shown that balanced growth requires technological progress to be strictly Harrod neutral (purely labor-augmenting). This paper offers a slightly more general variant of the theorem that does not require assumptions about savings behavior or factor pricing and is much easier to prove.

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Year of publication:	2006
Authors:	Schlicht, Ekkehart
Publisher:	München : Ludwig-Maximilians-Universität München, Volkswirtschaftliche Fakultät
Subject:	Harrod neutral \| bias \| technological progress

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Series:	Munich Discussion Paper ; 2006-8
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	10.5282/ubm/epub.897 [DOI] 812351126 [GVK] hdl:10419/104192 [Handle] RePEc:lmu:muenec:897 [RePEc]
Classification:	E13 - Neoclassical
Source:	EconStor

Persistent link: https://www.econbiz.de/10010427454