Abstract
In the last few years several authors have developed different theoretical models of induced technical progress. The two by now best known concepts are the technical progress function of Kaldor [5], [6] and the “ learning by doing ” function of Arrow [1]. A new type of technical progress function based on ideas of Fellner [3], [4] concerning the influence of factor markets on the direction of technical progress has recently been introduced by Kennedy [7], and the present author (in an unpublished paper; cf. [8]).
Paper presented at the Rome Congress of the Econometric Society, September 1965. For comments on an earlier unpublished paper on induced technical progress I am indebted to Edmund Phelps, Paul Samuelson and Robert Solow. I wish especially to thank Paul Samuelson for his constructive criticisms which made me aware of the weaknesses of the concepts used in the former as well as in the present paper. For criticism of an earlier version of this paner I am indebted to Frank Hahn.
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References
Arrow, K. “The Economic Implications of Learning by Doing”, Review of Economic Studies, Vol. XXIX, 1962.
Drandakis, E. M. and Phelps, E. S. “ A Model of Induced Invention, Growth and Distribution ”, Cowles Foundation Discussion Papers, No. 186, July 1965.
Feltner, W. J. “ Two Propositions in the Theory of Induced Innovations ”, Economic Journal, 71, 1961.
Feltner, W. J. “ Does the Market Direct the Relative Factor-Saving Effects of Technological Progress? ” in The Rate and Direction of Inventive Activity, Princeton, 1962.
Kaldor, N. “ A Model of Economic Growth ”, Economic Journal, 67, 1957.
Kaldor, N. and Mirrlees, J. A. “ A New Model of Economic Growth ”, Review of Economic Studies, Vol. XXIX, 1962.
Kennedy, C. “ Induced Bias in Innovation and the Theory of Distribution ”, Economic Journal, 74, 1964.
Samuelson, P. A. “ A Theory of Induced Innovations along Kennedy-Weizsäcker Lines ”, Review of Economics and Statistics, 47, 1965.
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© 1971 Economic Study Society
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Von Weizsäcker, C.C. (1971). Tentative Notes on a Two-Sector Model with Induced Technical Progress. In: Hahn, F.H. (eds) Readings in the Theory of Growth. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-15430-2_8
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DOI: https://doi.org/10.1007/978-1-349-15430-2_8
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