Technical Progress, Research and Development

Thomas Rymes

Chapter 23 in Joan Robinson and Modern Economic Theory, 1989, pp 660-676 from Palgrave Macmillan

Abstract: Abstract Measures of the rate of technical advance, sometimes called sources of growth, total factor productivity, residuals, or measures of our ignorance are now commonplace. It is, however, not a commonplace to find recognition that there are basically two such measures: (i) the traditional measure, based on the early work of Hicks, and (ii) newer ones, based on the theoretical work of the late Sir Roy Harrod and Joan Robinson.

Keywords: Total Factor Productivity; Capital Accumulation; Technical Progress; Traditional Measure; Intermediate Input (search for similar items in EconPapers)
Date: 1989
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DOI: 10.1007/978-1-349-08633-7_23

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