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dc.contributor.authorIrmen, Andreasen_US
dc.date.accessioned2010-03-05en_US
dc.date.accessioned2010-05-14T08:26:31Z-
dc.date.available2010-05-14T08:26:31Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/30726-
dc.description.abstractIn a neoclassical economy with endogenous capital- and labor-augmenting technical change the steady-state growth rate of output per worker is shown to increase in the elasticity of substitution between capital and labor. This confirms the assessment of Klump and de La Grandville (2000) that the elasticity of substitution is a powerful engine of economic growth. However, unlike their findings my result applies to the steady-state growth rate. Moreover, it does not hinge on particular assumptions on how aggregate savings come about. It holds for any household sector allowing savings to grow at the same rate as aggregate output.en_US
dc.language.isoengen_US
dc.publisherCESifo Münchenen_US
dc.relation.ispartofseriesCESifo working paper 2955en_US
dc.subject.jelE22en_US
dc.subject.jelO11en_US
dc.subject.jelO33en_US
dc.subject.jelO41en_US
dc.subject.ddc330en_US
dc.subject.keywordcapital accumulationen_US
dc.subject.keywordelasticity of substitutionen_US
dc.subject.keyworddirection of technical changeen_US
dc.subject.keywordneoclassical growth modelen_US
dc.subject.stwSteady-State-Wachstumen_US
dc.subject.stwWachstumstheorieen_US
dc.subject.stwFaktorsubstitutionen_US
dc.subject.stwSubstitutionselastizitäten_US
dc.subject.stwInvestitionen_US
dc.subject.stwTechnischer Fortschritten_US
dc.subject.stwTheorieen_US
dc.titleSteady-state growth and the elasticity of substitutionen_US
dc.typeWorking Paperen_US
dc.identifier.ppn62040146Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
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