To Augment Or Not To Augment? A Conjecture On Asymmetric Technical Change

Abstract

Following standard macroeconomic theory, a non-increasing long-run share of labor in income combined with a capital-labor substitution elasticity of less than unity implies that productivity growth should be labor-augmenting.... [ view full abstract ]

Authors

  1. Adnan Velic (Dublin Institute of Technology)
  2. Clemens Struck (University College Dublin)

Topic Areas

Macroeconomics , Economic Development and Growth

Session

6B » Development Economics 2 (11:00 - Friday, 5th May, Meeting Room 2)

Paper

aconjectureonasymmetrictechnicalchange.pdf

Presentation Files

The presenter has not uploaded any presentation files.