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:	2006-02-28
Authors:	Schlicht, Ekkehart
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 5.2006, 6, p. 1-5
Publisher:	AccessEcon
Subject:	Harrod bias technological progress

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Extent:	application/pdf
Type of publication:	Article
Classification:	E1 - General Aggregative Models
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010630015