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Note on Uzawa’s Two-Sector Model of Economic Growth

In: Readings in the Theory of Growth

Author

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  • R. M. Solow

Abstract

This Note has two objectives: one expository and one analytical. I am afraid that many readers will be put off by the apparent mathematical difficulty of Uzawa’s paper. I say “ apparent ” advisedly, because the paper is in part very easy; it requires only a little arithmetic and the bare elements of the calculus of functions of one variable. Any economist who cannot read it ought at least to insist that his students do so. My first objective is to describe in plain English how the model works, because I think it is an interesting extension of earlier work in this branch of macro-economics.

Suggested Citation

  • R. M. Solow, 1971. "Note on Uzawa’s Two-Sector Model of Economic Growth," Palgrave Macmillan Books, in: F. H. Hahn (ed.), Readings in the Theory of Growth, chapter 4, pages 27-30, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-15430-2_4
    DOI: 10.1007/978-1-349-15430-2_4
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    Cited by:

    1. de la Fonteijne, Marcel R., 2015. "Do Inada Conditions imply Cobb-Douglas Asymptotic Behavior or only a Elasticity of Substitution equal to one," MPRA Paper 82304, University Library of Munich, Germany.
    2. T.N. Srinivasan, 1962. "On a Two Sector Model of Growth," Cowles Foundation Discussion Papers 139R, Cowles Foundation for Research in Economics, Yale University.
    3. Manmohan Lal Agarwal & Bharat Hazari & Cheuk-Yin Ho, 2007. "Real Minimum Wage and Growth Theory: Simulations and Some Policy Results," Journal of Economic Policy Reform, Taylor and Francis Journals, vol. 10(3), pages 163-176.

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