Journal article
Land in Fellner's Model of Economic Growth: Comment/Reply and Further Observations
The American economic review, Vol.60(3), p495
01 Jun 1970
Abstract
It is the purpose of this note to demonstrate that when land is introduced explicitly as a factor of production in a model with factor-augmenting technological change, it can be dealt with in a way that validates William Fellner's model as regards the capital and labor interactions; but moreover the introduction of land as a separate factor of production contributes to the predictivity of the model by resolving, at least in part, a criticism of neoclassical growth theory made by B. Frey.
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Details
- Title
- Land in Fellner's Model of Economic Growth: Comment/Reply and Further Observations
- Creators
- Roger McCainWilliam Fellner
- Publication Details
- The American economic review, Vol.60(3), p495
- Publisher
- American Economic Association
- Resource Type
- Journal article
- Language
- English
- Academic Unit
- Economics (School of Economics)
- Identifiers
- 991021807102704721