Crecimiento con progreso técnico en el modelo de John Von Neumann

Raquel Díaz Vázquez ()
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Raquel Díaz Vázquez: Universidad de Vigo

No 26, Documentos de trabajo - Analise Economica from IDEGA - Instituto Universitario de Estudios e Desenvolvemento de Galicia

Abstract: In this paper we analyze the effects of including Technological Progress in the original John Von Neumann's Model. First, we show that it is possible to eliminate the assumption of constant technology of the von Neumann's original model maintaining the conditions of "balanced growth". As result, we show that it is possible to obtain a rate with "balanced growth" for the economy expanding with Technological Progress. Also, we show that the expanding economy rate with Technological Progress has a minimum which is the maximum expanding economy rate without Technological Progress. So, this paper is the first step in a new line of research in multi-sector economic growth models, and where there is not restrictions about the functional form between input and output. These two are the most important differences between this model and the Solow's model.

Keywords: Multi-sector economic growth model; Technological Progress; Balanced growth. (search for similar items in EconPapers)
Pages: 20 pages
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:edg:anecon:0026

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