The Steady-State Growth Theorem: A Comment on Uzawa (1961)
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NBER Working Paper No. 10921*
Issued in November 2004
NBER Program(s): EFG
This brief note revisits the proof of the Steady-State Growth Theorem, first provided by Uzawa (1961). We provide a clear statement of the theorem and a new version of Uzawa's proof that makes the intuition underlying the result more apparent.
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James Poterba is President of the National Bureau of Economic Research.
He is also the Mitsui Professor of Economics at M.I.T.
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