In a neoclassical economy with endogenous capital- and labor-augmenting technical change the steady-state growth rate … of output per worker is shown to increase in the elasticity of substitution between capital and labor. This confirms the …

the long-run elasticity of substitution between capital and labor. We show that the shape of the frontier determines … factor shares and the elasticity of substitution between capital and labor. If there are adjustment costs to technology …

substitution between capital and labour. While the shape of the technology frontier determines the long-run growth path and the … long-run elasticity, adjustment costs in technology choice allow capital-labour complementarity in the short run. We … develop a class of production functions that are consistent with balanced growth even in the presence of permanent investment …

production function with Kaldor's technical progress function while maintaining a marginalist theory of factor prices in the …

production function with Kaldor's technical progress function while maintaining a marginalist theory of factor prices in the …

production function with Kaldor's technical progress function while maintaining a marginalist theory of factor prices in the …