Measuring Technical Progress in Gross and Net Products
John Pezzey ()
Economics and Environment Network Working Papers from Australian National University, Economics and Environment Network
On the optimal path of an economy with capital and non-renewable resource inputs, and constant returns output of consumption and investment, the rate of exogenous technical progress in net national product equals the rate of progress in (gross) production, divided by one minus the production elasticity of the resource flow.
Keywords: exogenous technical progress; net national product; non-renewable resources (search for similar items in EconPapers)
JEL-codes: O30 Q30 (search for similar items in EconPapers)
Pages: 5 pages
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Journal Article: Measuring technical progress in gross and net products (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:anu:eenwps:0202
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