Econometrica Vol. 51 No. 3 1983
Input-Output Analysis and Technical Change
Abstract
[We discuss long-run properties of Leontief input-output systems that are subject to technical change. We derive a necessary and sufficient condition on changes in input coefficients for the economy to remain productive for all time. We define Harrod-neutral change in Leontief systems, and show that, under specified conditions, Harrod-neutral change increases output possibilities asymptotically as quickly as any alternative form of technical change.]
- DOI
- 10.2307/1912148
- Volume
- 51
- Issue
- 3
- Pages
- 585
- Sources
- bibtex:phds-export.bib openalex crossref