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Measuring Technical Progress in Gross and Net Products


Reference:

Pezzey, J. C. V., 2002. Measuring Technical Progress in Gross and Net Products. Working Paper. Australian National University.

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Abstract

On the optimal path of an economy with capital and non-renewable resource inputs, and constant returns output of consumption and investment, the rate of exogenous technical progress in net national product equals the rate of progress in (gross) production, divided by one minus the production elasticity of the resource flow.

Details

Item Type Reports/Papers (Working Paper)
CreatorsPezzey, J. C. V.
DepartmentsFaculty of Humanities & Social Sciences > Social & Policy Sciences
StatusPublished
ID Code10176

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