Abstract
In the last few years several authors have developed different theoretical models of induced technical progress. The two by now best known concepts are the technical progress function of Kaldor [5], [6] and the “ learning by doing ” function of Arrow [1]. A new type of technical progress function based on ideas of Fellner [3], [4] concerning the influence of factor markets on the direction of technical progress has recently been introduced by Kennedy [7], and the present author (in an unpublished paper; cf. [8]).
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
