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Ekkehart Schlicht
''A Variant of Uzawa's Theorem''
( 2006, Vol. 5 No.6 )
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.
Keywords: Harrod bias technological progress
JEL: E1 - General Aggregative Models: General
E1 - General Aggregative Models: General
Manuscript Received : Feb 28 2006 Manuscript Accepted : Feb 28 2006

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