Measuring Technical Progress in Gross and Net Products

John C V Pezzey

Research output: Working paper / PreprintWorking paper


On the optimal path of an economy with capital and non-renewable resource inputs, and constant returns output of consumption and investment, the rate of exogenous technical progress in net national product equals the rate of progress in (gross) production, divided by one minus the production elasticity of the resource flow.
Original languageEnglish
PublisherAustralian National University
Publication statusPublished - 2002


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