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

by Ryuzo Sato

Overview

This important volume collects together eighteen major essays written by Ryuzo Sato over the last thirty years in the area of growth theory and technical change.

After an autobiographical introduction describing Professor Sato's intellectual and personal development, the book presents his early pioneering work on growth models and the relevance of fiscal policy and time in these models. Later essays focus on the application of optimal control theory to growth theory, his work on endogenous growth, endogenous technical change and the development of 'Sato-Beckmann neutrality'.

This landmark book will be welcomed by researchers, teachers and students interested in technical change and progress.

Product Details

ISBN-13:	9781858984940
Publisher:	Edward Elgar Publishing
Publication date:	02/26/1997
Series:	Economists of the Twentieth Century series
Pages:	320
Product dimensions:	6.12(w) x 9.25(h) x (d)

About the Author

Ryuzo Sato, C.V. Starr Professor of Economics and Director of the Center for Japan–US Business and Economic Studies, Management Education Center, Leonard N. Stern School of Business, New York University, US

Table of Contents

Contents: Part I: Growth Theory 1. Fiscal Policy in a Neo- Classical Growth Model: An Analysis of Time Required for Equilibrating Adjustment 2. The Harrod-Domar Model vs. the Neo-Classical Growth Miodel 3. Factor Prices, Productivity and Economic Growth 4. Stability Conditions in Two-Sector Models of Economic Growth 5. Optimal Savings Policy when Labor Grows Endogneously 6. Population Growth and the Development of a Dual Economy 7. Shares and Growth under Factor Augmenting Technical Change 8. A Note on Economic Growth, Technical Progress and the Production Function 9. A Note on Scarcity of Specific Resources as a Limit to Output: A Correction 10. A Further Note on a Difference Equation Recurring in Growth Theory Part II: Technical Change 11. Neutral Inventions and Production Functions and An Addendum 12. The Estimation of Biased Technical Progress and the Production Function 13. Aggregate Production Functions and Types of Technical Progress: A Statistical Analysis 14. The Impact of Technical Change of the Holotheticity of Production Functions 15. Factor Price Variation and the Hicksian Hypothesis: A Microeconomic Model 16. A Theory of Endogenous Technical Progress: Dynamic Böhm-Bawerk Effect and Optimal R & D Policy 17. Technical Progress, the Schempeterian Hypothesis and Market Structure 18. Measuring the Impact of Technical Progress on the Demand for Intermediate Goods: A Survey Name Index

Editorial Reviews

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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