Technical Progress and Long-Run Growth

Chilosi, Alberto and Gomulka, Stanislaw (1969): Technical Progress and Long-Run Growth. Published in: Rivista di Politica Economica No. Selected Papers of 1969 (original Italian version no. 3 1969) : pp. 1-47.

Abstract

The types of technical progress referred to in the theory of economic growth are passed in review and their relations studied in detail. Light is also shed on the dependence of the long-run rate of growth, in the presence of a constant rate of saving, on the type of technical progress taking place in the economy, both in the most general case and in that of an aggregate C.E.S. production function; what happens in this respect in the case when technical progress is Harrod neutral is well known, the same cannot be said of the case when technical progress is not Harrod neutral.

• Item Type: MPRA Paper
• Language: English
• Keywords: economic growth, technical progress classifications, long-run growth, neoclassical growth model
• Subjects: O - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O41 - One, Two, and Multisector Growth Models

References

ALLEN R. G. S., Mathematical Analysis for Economists, London, 1938

ARROW K. J., The Economic Implications of Learning by Doing, « Review of Economic Studies », June 1962

BECKMANN M. J, .Einkommensverteilung und Wachstum bei nichtneutralem technischen Forschritts, « Jahrbuecher fuer Nationaloekonomie und Statistik», 1965

BLISS C. J., On Putty-Clay, « Review of Economic Studies », April 1968

BROWN M., On the Theory and Measurement of Technological Change, London 1966

FEI J. C. H. and G. RANIS: Innovational Intensity and Factor Bias in the Theory of Growth, « International Economic Review», May 1965

FISHER F. M., Embodied Technical Change and the Existence of an Aggregate Capital Stock, «Review of Economic Studies» October 1965

FISHER F. M., Embodied Technology and the Aggregation of Fixed and Movable Capital Goods, « Review of Economic Studies» October 1968

GREEN H. A., Embodied Progress Investment and Growth, American Economic Review", March 1966

JOHANSEN L., Substitution versus Fixed Production Coefficients in the Theory of Economic Growth: A Synthesis, « Econometrica", April 1959

JOSSA B., Teoria economica del progresso tecnico, Milano, Giuffrè, 1966

HAHN F., and R. C. O. MATTHEWS, The Theory of Economic Growth:A Survey, «Economic Journal», Dec. 1964, n. 788

HICKS J., The Theory of Wages, London 1932,

KALDOR N. and J. A. MIRRLEES, A New Model of Economic Growth, « Review of Economic Studies ", 1961-62

KALECKl, M., Zarys teorii wzroslu gospodarki socjalistycwej, sec. ed., Warsaw, 1968.

LEVHARI D., Extensions of Arrow's "Learning by Doing", «Review of Economic Studies », April 1966.

MEADE J, Neo-classical Theory of Economic Growth, London 1961

OKAMOTO T. and K. I. INADA, A Note on the Theory of Economic Growth, « Quarterly Journal of Economics», August 1962

PHELPS E., The New View of Investment, « Quarterly Journal of Economics», November 1962

PHELPS E. S., The Golden Rule of Accumulation: A Fable for Growthmen, « AmericanEconomic Review», September 1961

PHELPS E. S., Second Essay on the Golden Rule of Accumulation, «American Economic Review», September 1965

PHELPS E. S., Axioms for Factor Augmenting Technical Progress, Cowles Foundation Discussion paper N. 196, October 1965

PHELPS E. S., Models of Technical Progress and the Golden Rule of Research, « Review of Economic Studies», April 1966

ROBINSON, j., The Classification of Inventions, « Review of Economic Studies», February 1938

SATO R., and M. J. BECKMANN, Neutral Inventions and Production Functions, «Review of Economic Studies», January 1968

SHESHINSKl E., Balanced Growth and Stability in the Johansen Vintage Model, « Review of Economic Studies », April 1967

SOLOW R. M., A Contribution to the Theory of Economic Growth, « Quarterly Journal of Economics », February 1956

SOLOW R. M., Technical Progress, Capital Formation and Economic Growth,«American Economic Review» (Papers and Proceedings), May 1963

SWAN T. Economic Growth and Capital Accumulation, «Economic Record», November 1956

SWAN, T. W., Growth Models of Golden Ages and Production Functions, in Economic Development with Special Reference to East Asia, edited by K. E. Berril, London, 1963.

UZAWA H., Neutral Inventions and the Stability of Growth Equilibrium, Review of Economic Studies», February 1961

VON WEIZSAECKER C. C., Wachstum, Zins und Optimale Investitionsquote, Basel 1962