A Variant of Uzawa's Theorem

Economics Bulletin, 2006, vol. 5, issue 6, 1-5

Abstract: Uzawa (1961) has shown that balanced growth requires technological progress to be strictly Harrod neutral (purely labor-augmenting). This paper offers a slightly more general variant of the theorem that does not require assumptions about savings behavior or factor pricing and is much easier to prove.

Keywords: Harrod; bias; technological; progress (search for similar items in EconPapers)
JEL-codes: E1 (search for similar items in EconPapers)
Date: 2006-02-28
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Citations: View citations in EconPapers (13)

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Working Paper: A Variant of Uzawa's Theorem (2006)
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