Premium
UNIFORM TECHNICAL PROGRESS: CAN IT BE HARMFUL?
Author(s) -
Beladi Hamid,
Marjit Sugata,
Oladi Reza
Publication year - 2006
Publication title -
pacific economic review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.34
H-Index - 33
eISSN - 1468-0106
pISSN - 1361-374X
DOI - 10.1111/j.1468-0106.2006.00297.x
Subject(s) - economics , technical progress , capital good , technical change , capital (architecture) , intermediate good , technological change , macroeconomics , industrial organization , microeconomics , neoclassical economics , production (economics) , productivity , public good , history , archaeology
. 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.