Browsing Business and Economics by Subject "Factor Substitution"
Now showing items 1-1 of 1
-
Non-Neutral Technological Progress and Income Distribution—Piketty’s Fundamental Laws in a Neoclassical Two-Sector Model
(Scientific Research, 2016-12)This paper discusses the theoretical validity of Thomas Piketty’s fundamental laws about income distribution in the context of a standard neoclassical growth model. We take Uzawa’s two-sector growth model as the platform ...