We estimate the aggregate elasticity of substitution between capital and labor in the US manufacturing sector. We show that the aggregate elasticity of substitution can be expressed as a simple function of plant level structural parameters and sufficient statistics of the distribution of plant...

We study the effects of an economic policy in an endogenous growth general equilibrium framework where production of consumption goods requires two resource inputs: a polluting non-renewable resource and a non-polluting labour resource. The use of the former contributes to the accumulation of...

This paper outlines a variant of Nicholas Kaldor's growth model. An important feature of this model is that it generates steady state growth and Harrod Neutrality of technical progress endogenously. The effect of various assumption on investment bevavior are studied.