Technical Progress and Long-Run Growth

Alberto Chilosi and Stanislaw Gomulka

MPRA Paper from University Library of Munich, Germany

Abstract: The types of technical progress referred to in the theory of economic growth are passed in review and their relations studied in detail. Light is also shed on the dependence of the long-run rate of growth, in the presence of a constant rate of saving, on the type of technical progress taking place in the economy, both in the most general case and in that of an aggregate C.E.S. production function; what happens in this respect in the case when technical progress is Harrod neutral is well known, the same cannot be said of the case when technical progress is not Harrod neutral.

Keywords: economic growth; technical progress classifications; long-run growth; neoclassical growth model (search for similar items in EconPapers)
JEL-codes: O41 (search for similar items in EconPapers)
Date: 1969-12
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