Investment specific technological progress and structural change
In this paper we introduce investment specific technical progress into Pasinetti's model of structural change. Our aim is to assess the effects of embodied technical progress on economic growth and macroeconomic variables. Our findings suggest that despite the fact that this type of technical progress increases the productivity of capital, it has negative effects on conditions that promote full employment.
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Digital revista |
| Language: | English |
| Published: |
Departamento de Economia
2010
|
| Online Access: | http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-41612010000400003 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|