Investment Specific Technological Progress and Structural Change

In this paper we introduce investment specific technical progress into Pasinetti’s model of structural change. Our aim is to assess effects of embodied technical progress on structural change. Our findings suggest that despite the fact that this type of technical progress increases the productivity of capital, negative effects are also generated on levels of employment and on conditions that promote equilibrium.

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Year of publication:	2010
Authors:	Araujo, Ricardo Azevedo ; Teixeira, Joanílio Rodolpho

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Type of publication:	Book / Working Paper
Language:	English
Notes:	Araujo, Ricardo Azevedo and Teixeira, Joanílio Rodolpho (2010): Investment Specific Technological Progress and Structural Change. Published in: Estudos Econômicos , Vol. 40, No. 4 (October 2010): pp. 819-829.
Classification:	O11 - Macroeconomic Analyses of Economic Development ; O33 - Technological Change: Choices and Consequences; Diffusion Processes
Source:	BASE

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