On Harrod Neutral Technical Change. Uzawa Revisited

Details On Harrod Neutral Technical Change. Uzawa Revisited On Harrod Neutral Technical Change. Uzawa Revisited

2011-12-15

arxiv.org/abs/1112.3677v1

Mathematics

Optimization and Control

Scientific paper

We provide a two line proof of the theorem of Uzawa (1961) that in the
classic Solow/Swan growth model, only Harrod neutral (labor augmenting)
technical progress is consistent with an equilibrium steady state

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