Résumé
In this short note, we show how the space of elasticity of substitution functions maps into the space of 2-input neoclassical production functions. In doing so, we derive a general analytical formula for every 2-input neoclassical production function of class C2. We present a simple set of sufficient conditions for the Inada conditions to hold; and prove that the Solow model under capital-augmenting (or investment-specific) technical change is asymptotically balanced if and only if the capital share converges to a non-degenerated limit as the capital–labor ratio tends to infinity.
| langue originale | Anglais |
|---|---|
| Pages (de - à) | 80-86 |
| Nombre de pages | 7 |
| journal | Journal of Mathematical Economics |
| Volume | 67 |
| Les DOIs | |
| état | Publié - 1 déc. 2016 |
| Modification externe | Oui |
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