Investment specific technological progress and structural change

Investment specific technological progress and structural change

In this paper we introduce investment specific technical progress into Pasinetti's model of structural change. Our aim is to assess the effects of embodied technical progress on economic growth and macroeconomic variables. Our findings suggest that despite the fact that this type of technical progress increases the productivity of capital, it has negative effects on conditions that promote full employment.

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Main Authors: Araujo,Ricardo Silva Azevedo, Teixeira,Joanílio Rodolpho
Format: Digital revista
Language:English
Published: Departamento de Economia 2010
Online Access:http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-41612010000400003
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spelling oai:scielo:S0101-416120100004000032011-01-03Investment specific technological progress and structural changeAraujo,Ricardo Silva AzevedoTeixeira,Joanílio Rodolpho structural economic dynamics investment specific technical progress capital accumulation In this paper we introduce investment specific technical progress into Pasinetti's model of structural change. Our aim is to assess the effects of embodied technical progress on economic growth and macroeconomic variables. Our findings suggest that despite the fact that this type of technical progress increases the productivity of capital, it has negative effects on conditions that promote full employment.info:eu-repo/semantics/openAccessDepartamento de EconomiaFaculdade de Economia, Administração, Contabilidade e Atuária da Universidade de São Paulo (FEA-USP)Estudos Econômicos (São Paulo) v.40 n.4 20102010-12-01info:eu-repo/semantics/articletext/htmlhttp://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-41612010000400003en10.1590/S0101-41612010000400003
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country Brasil
countrycode BR
component Revista
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databasecode rev-scielo-br
tag revista
region America del Sur
libraryname SciELO
language English
format Digital
author Araujo,Ricardo Silva Azevedo
Teixeira,Joanílio Rodolpho
spellingShingle Araujo,Ricardo Silva Azevedo
Teixeira,Joanílio Rodolpho
Investment specific technological progress and structural change
author_facet Araujo,Ricardo Silva Azevedo
Teixeira,Joanílio Rodolpho
author_sort Araujo,Ricardo Silva Azevedo
title Investment specific technological progress and structural change
title_short Investment specific technological progress and structural change
title_full Investment specific technological progress and structural change
title_fullStr Investment specific technological progress and structural change
title_full_unstemmed Investment specific technological progress and structural change
title_sort investment specific technological progress and structural change
description In this paper we introduce investment specific technical progress into Pasinetti's model of structural change. Our aim is to assess the effects of embodied technical progress on economic growth and macroeconomic variables. Our findings suggest that despite the fact that this type of technical progress increases the productivity of capital, it has negative effects on conditions that promote full employment.
publisher Departamento de Economia
publishDate 2010
url http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-41612010000400003
work_keys_str_mv AT araujoricardosilvaazevedo investmentspecifictechnologicalprogressandstructuralchange
AT teixeirajoaniliorodolpho investmentspecifictechnologicalprogressandstructuralchange
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