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A Proof of the Invalidity of Proposition 15.12 in Acemoglu(2009)

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  • Li, Defu

Abstract

This note proves that unless the amount of scientists S= s_K/η_L , the proposition 15.12 in Acemoglu (2009) does not hold. Because this is an extremely restrictive requirement, it is not suitable as a proof of why the technological progress must be labor-augmenting on the BGP.

Suggested Citation

  • Li, Defu, 2016. "A Proof of the Invalidity of Proposition 15.12 in Acemoglu(2009)," MPRA Paper 75329, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:75329
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    File URL: https://mpra.ub.uni-muenchen.de/75329/2/MPRA_paper_75329.pdf
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    References listed on IDEAS

    as
    1. Daron Acemoglu, 2003. "Labor- And Capital-Augmenting Technical Change," Journal of the European Economic Association, MIT Press, vol. 1(1), pages 1-37, March.
    2. Li, Defu & Bental, Benjamin, 2016. "What determines the direction of technological progress?," MPRA Paper 71517, University Library of Munich, Germany.
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    More about this item

    Keywords

    Acemoglu(2009); direction of technical change; Uzawa’s steady-state theorem;
    All these keywords.

    JEL classification:

    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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