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dc.contributor.authorIrmen, Andreasen
dc.date.accessioned2010-03-05-
dc.date.accessioned2010-05-14T08:26:31Z-
dc.date.available2010-05-14T08:26:31Z-
dc.date.issued2010-
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
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x2955en
dc.subject.jelE22en
dc.subject.jelO11en
dc.subject.jelO33en
dc.subject.jelO41en
dc.subject.ddc330en
dc.subject.keywordcapital accumulationen
dc.subject.keywordelasticity of substitutionen
dc.subject.keyworddirection of technical changeen
dc.subject.keywordneoclassical growth modelen
dc.subject.stwSteady-State-Wachstumen
dc.subject.stwWachstumstheorieen
dc.subject.stwFaktorsubstitutionen
dc.subject.stwSubstitutionselastizitäten
dc.subject.stwInvestitionen
dc.subject.stwTechnischer Fortschritten
dc.subject.stwTheorieen
dc.titleSteady-state growth and the elasticity of substitution-
dc.typeWorking Paperen
dc.identifier.ppn62040146Xen
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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