Measuring Technical Progress in Gross and Net Products

On the optimal path of an economy with capital and non-renewable resource inputs, and constant returns output of consumption and investment, the rate of exogenous technical progress in net national product equals the rate of progress in (gross) production, divided by one minus the production elasticity of the resource flow.

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Year of publication:	2002-01
Authors:	Pezzey, John C. V.
Institutions:	Australian National University, Economics and Environment Network
Subject:	exogenous technical progress \| net national product \| non-renewable resources

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Extent:	application/pdf
Series:	Economics and Environment Network Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	5 pages
Classification:	O30 - Technological Change; Research and Development. General ; Q30 - Nonrenewable Resources and Conservation. General
Source:	RePEc - Research Papers in Economics

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