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Cited by 747

The DOI matches its Crossref record; 42 of the 42 references it cites were found in a registry or an index.

Labor- and Capital-Augmenting Technical Change

Open access
Acemoglu, Daron·2003·Journal of the European Economic Association
DOI 10.1162/154247603322256756
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Abstract

I analyze an economy in which profit-maximizing firms can undertake both labor-or capitalaugmenting technological improvements.In the long run, the economy looks like the standard growth model with purely labor-augmenting technical change, and the share of labor in GDP is constant.Along the transition path, however, there is capital-augmenting technical change and factor shares change.A range of policies may have counterintuitive implications due to their effect on the direction of technical change.For example, taxes on capital income reduce the labor share in the short run, but increase it in the mediumllong run.

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Citations

Cites

Show all 42 references

Research works printed but not linked: 16

  1. 1998, Endogenous Growth Theory.
  2. 1995, Economic Growth.
  3. 1997, The Medium Run
  4. 1977, Elementary Differential Equations and Boundary Value Problems
  5. 1993, Business Fixed Investment: a Critical Survey of Modeling Strategies, Empirical Results and Policy Implications., Journal of Economic Literature, XXXI, 1875
  6. 1975, Technical Choice, Innovation and Economic Growth: Essays on American and British Experience in the Nineteenth Century.
  7. 1990, The Economic Report of the President
  8. 1961, Two Propositions in the Theory of Induced Innovations., The Economic Journal, LXXI, 305
  9. 1991, Innovation and Growth in the Global Economy.
  10. 1962, American and British Technology in the Nineteenth Century: Search for Labor Saving Inventions.
  11. 1993, Labor Demand.
  12. 1932, The Theory of Wages.
  13. 1987, Productivity and U. S. Economic Growth.
  14. 2000, Capital Skill Complementary and Inequality., Econometrica, LXIIX, 1029
  15. 1969, Labor-Capital Substitution in U.S. Manufacturing.
  16. 1966, Productivity and Technical Change

Cited by

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Metadata

Authors
Acemoglu, D.
Venue
Journal of the European Economic Association
Publisher
Oxford University Press (OUP)
Published
2003-03-01
Volume
1
Issue
1
Pages
1-37
ISSN
  • 1542-4766 (ISSN-L)
  • 1542-4774
DOI
10.1162/154247603322256756
OpenAlex
W2892132964
Cited by
747
References
42
FWCI
19.52
Type
journal article
Language
en
Open access
green
Licence
doi.wiley.com/10.1002/tdm_license_1 (tdm, 4567 d)

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Acemoglu, D. (2003). Labor- and Capital-Augmenting Technical Change. Journal of the European Economic Association. https://doi.org/10.1162/154247603322256756

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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.