Investment specific technological progress and structural change

Authors

  • Ricardo Silva Azevedo Araujo Universidade de Brasília. Departamento de Economia
  • Joanílio Rodolpho Teixeira Universidade de Brasília. Departamento de Economia

DOI:

https://doi.org/10.1590/S0101-41612010000400003

Keywords:

structural economic dynamics, investment specific technical progress, capital accumulation

Abstract

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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Published

01-12-2010

Issue

Vol. 40 No. 4 (2010)

Section

Não definida

License

Copyright (c) 2010 Ricardo Silva Azevedo Araujo, Joanílio Rodolpho Teixeira

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

By submitting an article, the author authorizes its publication and attests that it has not been submitted to any other journal. The original article is considered final. Articles selected for publication are proofread for grammatical and orthographic errors. The journal does not pay rights for published articles. The Institute of Economic Research from the School of Economics, Business and Accounting of the University of São Paulo (Instituto de Pesquisas Econômicas da Faculdade de Economia, Administração e Contabilidade da Universidade de São Paulo) owns the journal's copyright.

How to Cite

Araujo, R. S. A., & Teixeira, J. R. (2010). Investment specific technological progress and structural change. Estudos Econômicos (São Paulo), 40(4), 819-829. https://doi.org/10.1590/S0101-41612010000400003