Uniform Technical Progress: Can It Be Harmful?
Document Type
Article
Journal/Book Title/Conference
Pacific Economic Review
Volume
11
Publication Date
2006
First Page
33
Last Page
38
Abstract
In a model incorporating trade in final goods, intermediate goods and capital, we show how ‘uniform’ technical progress across sectors can lead to immiserization. The condition for immiserizing technical progress crucially depends on the pattern of specialization. Our results tend to hold in a more general specification of the basic structure.
Recommended Citation
“Uniform Technical Progress: Can It Be Harmful?” (with H. Beladi and S. Marjit), Pacific Economic Review 11, 2006, 33-38 .
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