A New Technical Progress Function (1962)

Christian von Weizsäcker Carl
Additional contact information
Christian von Weizsäcker Carl: MPI Gemeinschaftsgüter,Bonn, Germany

German Economic Review, 2010, vol. 11, issue 3, 248-265

Abstract: In this paper, I show that labour-saving or capital-saving technical progress is induced by the distribution of income between capital and labour. In the long run, technical progress is Harrod neutral. The long-run equilibrium factor income distribution is determined by a parameter of the technical progress function.

Keywords: Induced technical progress; factor income distribution; quasi- Cobb-Douglas production function (search for similar items in EconPapers)
Date: 2010
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1111/j.1468-0475.2010.00512.x (text/html)
For access to full text, subscription to the journal or payment for the individual article is required.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bpj:germec:v:11:y:2010:i:3:p:248-265

Ordering information: This journal article can be ordered from
https://www.degruyter.com/journal/key/ger/html

DOI: 10.1111/j.1468-0475.2010.00512.x

Access Statistics for this article

German Economic Review is currently edited by Peter Egger, Almut Balleer, Jesus Crespo-Cuaresma, Mario Larch, Aderonke Osikominu and Georg Wamser

More articles in German Economic Review from De Gruyter
Bibliographic data for series maintained by Peter Golla ().