Factor-Augmenting Technical Change: An Empirical Assessment
نویسندگان
چکیده
منابع مشابه
Labor- and Capital-augmenting Technical Change
I analyze an economy in which firms can undertake both laborand capital-augmenting technological improvements. In the long run, the economy resembles the standard growth model with purely labor-augmenting technical change, and the share of labor in GDP is constant. Along the transition path, however, there is capital-augmenting technical change and factor shares change. Tax policy and changes i...
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Economis growth is one of the main factors for evaluating the performance of governments. Economic growth itself is influenced by other factors that have been addressed in growth theories. Among the factors examined in growth theories, technical progress is of particular importance due to its long-term effects on growth. In recent growth models, the technological progress considered an endogeno...
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We note that we must have A because is the marginal value of labor and labors marginal product has a lower bound of A because the primitive technology a = 0 always is available. If we had an interior solution, all these rst-order functions would be set equal to zero, and we would solve the resulting simultaneous system for , , and the values of all the La and Ka. However, we cannot have such ...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2009
ISSN: 1556-5068
DOI: 10.2139/ssrn.1513295