Title of article :
Measuring technical progress in gross and net products
Author/Authors :
ohn C. V. Pezzey، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2003
Abstract :
On the optimal path of a constant returns economy with capital and non-renewable resource inputs, the rate of exogenous technical progress in NNP (for use in Weitzman’s ‘technical progress premium’) equals the rate of progress in gross production, divided by one minus the production elasticity of the resource flow.
Keywords :
Non-renewable resources , Exogenous technical progress , Net national product
Journal title :
Economics Letters
Journal title :
Economics Letters
