Working Paper: NBER ID: w10921
Authors: Charles I. Jones; Dean Scrimgeour
Abstract: This brief note revisits the proof of the Steady-State Growth Theorem, first provided by Uzawa (1961). We provide a clear statement of the theorem and a new version of Uzawa's proof that makes the intuition underlying the result more apparent.
Keywords: steady-state growth theorem; technical change; neoclassical growth model
JEL Codes: E1; O4
Edges that are evidenced by causal inference methods are in orange, and the rest are in light blue.
| Cause | Effect |
|---|---|
| steady-state growth (O40) | labor-augmenting technical change (O49) |
| neoclassical growth model (O41) | steady-state growth (O40) |
| labor-augmenting technical change (O49) | capital share constant (D33) |
| steady-state growth (O40) | capital share constant (D33) |