UNIFORM TECHNICAL PROGRESS: CAN IT BE HARMFUL?

In a model incorporating trade in final goods, intermediate goods and capital, we show how 'uniform' technical progress across sectors can lead to immiserization. The condition for immiserizing technical progress crucially depends on the pattern of specialization. Our results tend to hold in a more general specification of the basic structure. Copyright 2006 Blackwell Publishing Ltd

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Year of publication:	2006
Authors:	Beladi, Hamid ; Marjit, Sugata ; Oladi, Reza
Published in:	Pacific Economic Review. - Wiley Blackwell. - Vol. 11.2006, 1, p. 33-38
Publisher:	Wiley Blackwell

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005284246