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A Proof of the Invalidity of Proposition 15.12 in Acemoglu(2009)

Li, Defu (2016): A Proof of the Invalidity of Proposition 15.12 in Acemoglu(2009).

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Abstract

This note proves that unless the amount of scientists S= s_K/η_L , the proposition 15.12 in Acemoglu (2009) does not hold. Because this is an extremely restrictive requirement, it is not suitable as a proof of why the technological progress must be labor-augmenting on the BGP.

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