A Proof of the Invalidity of Proposition 15.12 in Acemoglu(2009)

Defu Li ()

MPRA Paper from University Library of Munich, Germany

Abstract: This note proves that unless the amount of scientists S= s_K/η_L , the proposition 15.12 in Acemoglu (2009) does not hold. Because this is an extremely restrictive requirement, it is not suitable as a proof of why the technological progress must be labor-augmenting on the BGP.

Keywords: Acemoglu(2009); direction of technical change; Uzawa’s steady-state theorem (search for similar items in EconPapers)
JEL-codes: O33 (search for similar items in EconPapers)
Date: 2016-11-29
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