Accession Number:

AD0269734

Title:

A TWO-SECTOR EXTENSION OF SWAN'S MODEL OF ECONOMIC GROWTH: THE CASE OF NO TECHNICAL CHANGE

Descriptive Note:

Corporate Author:

STANFORD UNIV CALIF APPLIED MATHEMATICS AND STATISTICS LABS

Personal Author(s):

Report Date:

1961-12-13

Pagination or Media Count:

1.0

Abstract:

The purpose of the present analysis is to extend the Swan one-sector one-good model The Economic Record, XXXII334-361, 1956 into a two-sector two-good economy for the case of no technical change. In this case a simple diagrammatic representation of competitive growth is possibleAND THE EXPOSITION IS SIMPLE AS WELL AS INDICATIVE OF THE PROPERTIES OF TWO SECTOR MODELS. The composition of the capital stock and the labor is analyzed and the allocation of these factors between the two sectors is determined. Our two-sector model is the natural set-up for the analysis of the relative price of capital to consumer goods. Author

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Distribution Statement:

APPROVED FOR PUBLIC RELEASE