Budget deficit to achieve and maintain full-employment under growth by technological progress

Full Employment after the War: How to Achieve It and Maintain It.

Chapter 4 Technological Progress and Economic Growth

Optimal capital accumulation and embodied technological progress under uncertainty¤

This paper proposes a stochastic model of investment with embodied technological progress, in which ...rms invest not only to expand the capacity as in Pindyck (1988) but also to replace old machines. The scrapping decision or the age of the oldest machine is then endogenous and evolves stochastically. Uncertainty increases the optimal age of the machines in use, and due to uncertainty, not onl...

Productivity Growth and Technological Progress in the Brazilian Agricultural Sector

Starting in the 1970’s, the Brazilian agricultural sector has experienced an important process of modernization, whose principal effects include advances in technological progress and gains in productivity. The primary objective of this paper is to analyze technological progress and total productivity growth in the Brazilian agricultural sector during the period from 1970 to 1996. The methodolo...

Technological progress, structural change and productivity growth: a comparative study

The relationship between the economic structure of a country and its productivity growth has received a lot of attention in recent decades. For instance, several theoretical models in this area now suggest that countries that specialize in technologically progressive industries will enjoy high rates of growth compared to other countries. This paper focuses on the impact of specialization and st...