Grossman, Gene M.; Helpman, Elhanan; Oberfield, Ezra; … - 2016
Evidence for the United States suggests balanced growth despite falling investment-good prices and less than unitary … elasticity of substitution between capital and labor. This is inconsistent with the Uzawa Growth Theorem. We extend Uzawa … growth is possible if education is endogenous and capital is more complementary with schooling than with raw labor. We …