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| Ekkehart Schlicht |
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| ''A Variant of Uzawa's Theorem'' |
| ( 2006, Vol. 5 No.6 ) |
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| Uzawa (1961) has shown that balanced growth requires technological progress to be strictly Harrod neutral (purely labor-augmenting). This paper offers a slightly more general variant of the theorem that does not require assumptions about savings behavior or factor pricing and is much easier to prove. |
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| Keywords: Harrod bias technological progress |
JEL: E1 - General Aggregative Models: General
E1 - General Aggregative Models: General |
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| Manuscript Received : Feb 28 2006 | | Manuscript Accepted : Feb 28 2006 |
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