Li, Defu; Huang, Jiuli; Zhou, Ying - Volkswirtschaftliche Fakultät, … - 2013
Since the publication of Uzawa(1961), it has been widely accepted that technical change must be purely labor-augmenting for a growth model to exhibit steady-state path. But in this paper, we argue that such a constraint is unnecessary. Further, our model shows that, as long as the sum of the...