Showing 1 - 3 of 3
This note proposes a growth model that is derived from the standard Solow growth model by replacing the neoclassical production function with Kaldor’s technical progress function while maintaining a marginalist theory of factor prices in the spirit suggested by von Weizsäcker (1966, 1966b)....
Persistent link: https://www.econbiz.de/10011210870
This note proposes a growth model that is derived from the standard Solow growth model by replacing the neoclassical production function with Kaldor’s technical progress function while maintaining a marginalist theory of factor prices in the spirit suggested by von Weizsäcker (1966, 1966b)....
Persistent link: https://www.econbiz.de/10011210877
This paper outlines a variant of Nicholas Kaldor's growth model. An important feature of this model is that it generates steady state growth and Harrod Neutrality of technical progress endogenously. The effect of various assumption on investment bevavior are studied.
Persistent link: https://www.econbiz.de/10010897475