Investment Specific Technological Progress and Structural Change

Ricardo Araujo and Joanílio Teixeira ()

MPRA Paper from University Library of Munich, Germany

Abstract: In this paper we introduce investment specific technical progress into Pasinetti’s model of structural change. Our aim is to assess effects of embodied technical progress on structural change. Our findings suggest that despite the fact that this type of technical progress increases the productivity of capital, negative effects are also generated on levels of employment and on conditions that promote equilibrium.

Keywords: Structural Economic Dynamics; Investment specific technical progress; capital accumulation. (search for similar items in EconPapers)
JEL-codes: O33 O41 (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (1)

Published in Estudos Econômicos 40.4(2010): pp. 819-829

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Related works:
Working Paper: Investment Specific Technological Progress and Structural Change (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:53672

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