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Title:On Growth and the Direction of Technological Change PDF Logo
Authors:Lindenberger, Dietmar
Issue Date:2003
Series/Report no.:EWI Working Paper 03.03
Abstract:Recent econometric analyses of growth in industrialized countries reveal that energy?s elasticity of production systematically exceeds its factor cost share, whereas for labor the opposite holds. The paper reviews these analyses that reflect the observed direction of technological change towards increasing automation.
Subjects:Production Factor Energy
Economic Growth
Technological Change
Progress of Automation
Document Type:Working Paper
Appears in Collections:EWI-Arbeitspapiere, Energiewirtschaftliches Institut, Universität Köln

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