Biased Innovations in the Harrod-Domar Model

Revista de Economía del Rosario, Vol. 10, No. 2, December 2007

18 Pages Posted: 6 Feb 2008

Abstract

This paper presents an endogenous growth model where the aggregate production function is a Leontief (1941) and long run growth is completely explained through biased technological change. Under this framework we get two results: (i) if the income share of reproducible factors is high enough, in the long run the economy presents a positive balanced growth path; (ii) if the income share of reproducible factors is low, in the long run the economy behaves as a Harrod-Domar economy without long run growth.

Keywords: endogenous growth, capital using and labor saving technological

JEL Classification: 011, 031, 033

Suggested Citation

Zuleta, Hernando, Biased Innovations in the Harrod-Domar Model. Revista de Economía del Rosario, Vol. 10, No. 2, December 2007, Available at SSRN: https://ssrn.com/abstract=1090053

Hernando Zuleta (Contact Author)

Universidad del Rosario ( email )

Calle 12 No. 6-25
Bogota, DC
Colombia

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