English, Article, Journal or magazine article edition: “Un-balanced” Economic Growth Hing-Man Leung

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Bookmark: http://trove.nla.gov.au/version/40291
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • “Un-balanced” Economic Growth
Author
  • Hing-Man Leung
Physical Description
  • preprint
Notes
  • Since the elasticity of substitution between capital and labor is not always one, and since technical progress is not always Harrod-neutral, it is desirable to have an endogenous growth model that admits all sizes of the elasticity and all known technology modes. We derive an equation to do just that, fully describing the per capita income growth rate at all times. It shows a typical economy needing hundreds if not thousands of years to reach its long term growth rate, leading to the conclusion that even the short run may be very long indeed.
  • The elasticity of substitution, Non-Harrod-neutral technology, short-run growth
  • RePEc:siu:wpaper:12-2007
Language
  • English
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