On Growth and the Direction of Technological Change

Recent econometric analyses of growth in industrialized countries reveal that energy?s elasticity of production systematically exceeds its factor cost share, whereas for labor the opposite holds. The paper reviews these analyses that reflect the observed direction of technological change towards increasing automation.

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Year of publication:	2003
Authors:	Lindenberger, Dietmar
Publisher:	Köln : Institute of Energy Economics at the University of Cologne (EWI)
Subject:	Wirtschaftswachstum \| Produktionsfunktion \| Kostenstruktur \| Energie \| Elastizität \| Technischer Fortschritt \| Automation \| Industriestaaten \| Production Factor Energy \| Economic Growth \| Technological Change \| Progress of Automation

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Series:	EWI Working Paper ; 03.03
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	368285588 [GVK] hdl:10419/23151 [Handle]
Classification:	O30 - Technological Change; Research and Development. General ; Q43 - Energy and the Macroeconomy ; D30 - Distribution. General
Source:	EconStor

Persistent link: https://www.econbiz.de/10010263196