Induced Innovation Revisited

Peter Funk ()

DELTA Working Papers from DELTA (Ecole normale supérieure)

Abstract: This article studies the joint evolution of factor-prices, factor-shares, and the type of technical progress. Its main aim is to give a microeconomic foundation to the Hypothesis of Induced Innovation ([4], [11], [18], [16]), which assumes that the type of progress at any moment of time is chosen so as to maximize the current rate of output growth.

Date: 1997
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Citations: View citations in EconPapers (3)

Published in Economica, 69, 273 (2002), pp. 155-171

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Persistent link: https://EconPapers.repec.org/RePEc:del:abcdef:97-22

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