Matvejenko
V.D. Choice of Technologies and Economic Growth in a
Resource-Dependent Economy. // Economics of
contemporary
Russia 2012. ¹1
(56) Ñ.12-30.
In a
model of economic growth with three-factor production functions it is
shown
that economic growth rate in a resource-dependent
economy depends on the
distribution of income between «owners» of production factors – labour,
capital, and natural production resources.
Considering the constraints on
distribution of income superposed by a possible conflict in the social
groups
apropos a choice of technologies
and distribution of income.
Keywords:
economic growth, production function, technical progress,
natural resources,
resource curse, income distribution, factor shares.
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