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Growth Theory and Technical Change: The Selected Essays of Ryuzo Sato

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A collection of 18 essays that Sato (economics, New York U.) has written over the past 30 years. He approaches growth theory from such perspectives as fiscal policy in a neo-classical growth model, stability conditions in two-sector models of economic growth, and population growth and the development of a dual economy. Topics relating to technical change include neutral inventions and production functions, estimating biased technical progress, and measuring the impact of technical progress on the demand for intermediate goods. Annotation c. by Book News, Inc., Portland, Or.
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Table of Contents

1 Fiscal Policy in a Neo-Classical Growth Model: An Analysis of Time Required for Equilibrating Adjustment 3
2 The Harrod-Domar Model vs the Neo-Classical Growth Model 11
3 Factor Prices, Productivity, and Economic Growth 19
4 Stability Conditions in Two-Sector Models of Economic Growth 49
5 Optimal Savings Policy when Labor Grows Endogenously 60
6 Population Growth and the Development of a Dual Economy 81
7 Shares and Growth under Factor-Augmenting Technical Change 100
8 A Note on Economic Growth, Technical Progress and the Production Function 112
9 A Note on Scarcity of Specific Resources as a Limit to Output: A Correction 116
10 A Further Note on a Difference Equation Recurring in Growth Theory 122
11 Neutral Inventions and Production Functions 133
An Addendum 143
12 The Estimation of Biased Technical Progress and the Production Function 144
13 Aggregate Production Functions and Types of Technical Progress: A Statistical Analysis 174
14 The Impact of Technical Change on the Holotheticity of Production Functions 188
15 Factor Price Variation and the Hicksian Hypothesis: A Microeconomic Model 198
16 A Theory of Endogenous Technical Progress: Dynamic Bohm-Bawerk Effect and Optimal R & D Policy 212
17 Technical Progress, the Schumpeterian Hypothesis and Market Structure 234
18 Measuring the Impact of Technical Progress on the Demand for Intermediate Goods: A Survey 271
Name index 293
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