Friday, November 14, 2008

Uzawa: Optimum Technical Change in an Aggregative Model of Economic Growth

H Uzawa, “Optimum Technical Change in an Aggregative Model of Economic Growth,” International Economic Review 6, no. 1 (1965): 18-31.

"In this paper we are interested in formulating a model of economic growth in which an advancement in the state of technological knowledge is achieved only be engaging scarce resources in some positive quantities, and in analyzing the pattern of the allocation of scarce resources that results in an optimum growth" (18).