On Harrod Neutral Technical Change. Uzawa Revisited
Optimization and Control
2011-12-19 v1
Abstract
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
Keywords
Cite
@article{arxiv.1112.3677,
title = {On Harrod Neutral Technical Change. Uzawa Revisited},
author = {Thomas Russell},
journal= {arXiv preprint arXiv:1112.3677},
year = {2011}
}