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Uzawa(1961)’s Steady-State Theorem in Malthusian Model

Li, Defu and Huang, Jiuli (2014): Uzawa(1961)’s Steady-State Theorem in Malthusian Model.

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Abstract

This paper proves that there is a similar Uzawa (1961) steady-state growth theorem in a Malthusian model: If that model possesses steady-state growth, then technical change must be purely land-augmenting and cannot include labor augmentation.

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