Directed technological change and factor shares

Hart, Robert

doi:10.1016/j.econlet.2013.01.028

Sammanfattning

Directed technological change (DTC) concerns how stocks of factor-augmenting knowledge evolve relative to each other. We model investment in factor-augmenting knowledge at firm level, and show that relative investment rates depend on the relative factor shares and elasticities. Furthermore, we argue that links between the knowledge stocks and substitution between final goods are crucial to the long-run evolution of the economy. (C) 2013 Elsevier B.V. All rights reserved.

Nyckelord

Growth; Directed technological change; Knowledge spillovers

Publicerad i

Economics Letters
2013, volym: 119, nummer: 1, sidor: 77-80
Utgivare: ELSEVIER SCIENCE SA

SLU författare

Hart, Robert
- Institutionen för ekonomi, Sveriges lantbruksuniversitet

UKÄ forskningsämne

Nationalekonomi

Publikationens identifierare

DOI: https://doi.org/10.1016/j.econlet.2013.01.028

Permanent länk till denna sida (URI)

https://res.slu.se/id/publ/41808