A Quasi-Cobb Douglas Production Function with Sectoral Progress: Theory and Application to the New Economy

Paul Welfens

No disbei132, EIIW Discussion paper from Universitätsbibliothek Wuppertal, University Library

Abstract: A new approach for analyzing technological progress is presented in the context of a quasi-Cobb-Douglas production function which offers within a simple and consistent equation interesting options for identifying different types of technological progress. In particular the approach suggested allows us to shed new light on the New Economy debate and to indeed focus more adequately on process innovation dynamics - this includes a distinction between Harrod neutrality and Solow neutrality of technological progress.

Keywords: technological progress; Cobb-Douglas function; New Economy (search for similar items in EconPapers)
JEL-codes: F0 O33 (search for similar items in EconPapers)
Pages: 25 Pages
Date: 2005-05
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:bwu:eiiwdp:disbei132

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