Jones, Charles I.; Scrimgeour, Dean - In: The Review of Economics and Statistics 90 (2008) 1, pp. 180-182
This note revisits the proof of the steady-state growth theorem, first given by Uzawa in 1961.We provide a clear statement of the theorem, discuss intuition for why it holds, and present a new, elegant proof due to Schlicht (2006). Copyright by the President and Fellows of Harvard College and...
