Chi Schive and Badiul A. Majumdar
The pioneering work of Robert Solow (1957) provides us with a model to measure technical change for an aggregated economy. The model, expressing technical change, r, in terms of…
Abstract
The pioneering work of Robert Solow (1957) provides us with a model to measure technical change for an aggregated economy. The model, expressing technical change, r, in terms of improvements in labour productivity, is presented as