Measuring technical progress in gross and net products

John C.V. Pezzey

doi:10.1016/S0165-1765(02)00222-7

Measuring technical progress in gross and net products

John C.V. Pezzey^*

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

3 Citations (Scopus)

Abstract

On the optimal path of a constant returns economy with capital and non-renewable resource inputs, the rate of exogenous technical progress in NNP (for use in Weitzman's 'technical progress premium') equals the rate of progress in gross production, divided by one minus the production elasticity of the resource flow.

Original language	English
Pages (from-to)	247-252
Number of pages	6
Journal	Economics Letters
Volume	78
Issue number	2
DOIs	https://doi.org/10.1016/S0165-1765(02)00222-7
Publication status	Published - 1 Feb 2003

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title = "Measuring technical progress in gross and net products",

abstract = "On the optimal path of a constant returns economy with capital and non-renewable resource inputs, the rate of exogenous technical progress in NNP (for use in Weitzman's 'technical progress premium') equals the rate of progress in gross production, divided by one minus the production elasticity of the resource flow.",

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AB - On the optimal path of a constant returns economy with capital and non-renewable resource inputs, the rate of exogenous technical progress in NNP (for use in Weitzman's 'technical progress premium') equals the rate of progress in gross production, divided by one minus the production elasticity of the resource flow.

KW - Exogenous technical progress

KW - Net national product

KW - Non-renewable resources

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DO - 10.1016/S0165-1765(02)00222-7

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JO - Economics Letters

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IS - 2

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Measuring technical progress in gross and net products

Abstract

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