Directed Technical Change and Capital Deepening: A Reconsideration of Kaldor’s Technical Progress Function

Arbeitspapier

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). The hybrid model so obtained accounts for balanced growth in a way that appears less arbitrary than the Solow model, especially because it directly accounts for Harrod neutral technical change, without any need for further assumptions.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Munich Discussion Paper ; No. 2014

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Innovation; Research and Development; Technological Change; Intellectual Property Rights: General ; Economic Growth and Aggregate Productivity: General ; General Aggregative Models: Keynes; Keynesian; Post-Keynesian ; General Aggregative Models: Neoclassical ; Aggregate Factor Income Distribution ; Current Heterodox Approaches: Other ; History of Economic Thought: Individuals
• Thema: directed technical change ; directed technological change ; bias in innovation ; technical progress function ; neoclassical production function ; Harrod neutrality ; Hicks neutrality ; Cambridge theory of distribution ; marginal productivity theory ; Kaldor ; Kennedy ; von Weizsäcker ; Solow model

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Schlicht, Ekkehart
• Ereignis: Veröffentlichung
• (wer): Ludwig-Maximilians-Universität München, Volkswirtschaftliche Fakultät
• (wo): München
• (wann): 2014

Weitere Informationen

• DOI: doi:10.5282/ubm/epub.20959
• Handle: http://hdl.handle.net/10419/104409
• URN: urn:nbn:de:bvb:19-epub-20959-4
• Letzte Aktualisierung: 10.03.2025, 11:43 MEZ