A framework for economic growth with capital-embodied technical change (Record no. 527122)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 01794nam a22001577a 4500 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 240805b ||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Jones, Benjamin F. and Liu, Xiaojie |
| 245 ## - TITLE STATEMENT | |
| Title | A framework for economic growth with capital-embodied technical change |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
| Place of publication, distribution, etc | The American Economic Review |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | 114(5), May, 2024: p.1448-1487 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | Technological advance is often embodied in capital inputs, like computers, airplanes, and robots. This paper builds a framework where capital inputs advance through (i) increased automation and (ii) increased productivity. The interplay of these two innovation dimensions can produce balanced growth, satisfying the Uzawa Growth Theorem even though technological progress is capital-embodied. The framework can further address structural transformation, general-purpose technologies, the limited macroeconomic impact of computing, and declining productivity growth and labor shares. Overall, this tractable framework can help resolve puzzling tensions between micro-level observations of innovation and balanced growth while providing new perspectives on numerous macroeconomic phenomena.- Reproduced https://www.aeaweb.org/articles?id=10.1257/aer.20221180 |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name as entry element | Capital-embodied technology, Technological advance, Automation impact, Productivity growth, Balanced growth, Uzawa Growth Theorem, Innovation framework, Structural transformation, General-purpose technologies, Macroeconomic dynamics, Computing impact, Labor share decline, Productivity slowdown, Economic modeling, Growth theory, Capital inputs, Micro-level innovation, Macroeconomic phenomena, Economic structure, Technological progress |
| 9 (RLIN) | 56333 |
| 773 ## - HOST ITEM ENTRY | |
| Main entry heading | The American Economic Review |
| 906 ## - LOCAL DATA ELEMENT F, LDF (RLIN) | |
| Subject DIP | ECONOMIC DEVELOPMENT |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Item type | Articles |
| Withdrawn status | Lost status | Source of classification or shelving scheme | Damaged status | Not for loan | Permanent location | Current location | Date acquired | Serial Enumeration / chronology | Barcode | Date last seen | Koha item type |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Indian Institute of Public Administration | Indian Institute of Public Administration | 2024-08-05 | 114(5), May, 2024: p.1448-1487 | AR132570 | 2024-08-05 | Articles |