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Accession Number:
AD0269734
Title:
A TWO-SECTOR EXTENSION OF SWAN'S MODEL OF ECONOMIC GROWTH: THE CASE OF NO TECHNICAL CHANGE
Corporate Author:
STANFORD UNIV CALIF APPLIED MATHEMATICS AND STATISTICS LABS
Report Date:
1961-12-13
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
Pages:
0001
Contract Number:
NONR22550
File Size:
0.00MB
