Investment Specific Technological Progress and Structural Change

Araujo, Ricardo Azevedo and Teixeira, Joanílio Rodolpho (2010): Investment Specific Technological Progress and Structural Change. Published in: Estudos Econômicos , Vol. 40, No. 4 (October 2010): pp. 819-829.

Abstract

In this paper we introduce investment specific technical progress into Pasinetti’s model of structural change. Our aim is to assess effects of embodied technical progress on structural change. Our findings suggest that despite the fact that this type of technical progress increases the productivity of capital, negative effects are also generated on levels of employment and on conditions that promote equilibrium.

• Item Type: MPRA Paper
• Language: English
• Keywords: Structural Economic Dynamics, Investment specific technical progress, capital accumulation.
• Subjects: O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O11 - Macroeconomic Analyses of Economic Development; O - Economic Development, Innovation, Technological Change, and Growth > O3 - Innovation ; Research and Development ; Technological Change ; Intellectual Property Rights > O33 - Technological Change: Choices and Consequences ; Diffusion Processes

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