The Aggregate Production Function And The Measurement Of Technical Change

Author : Jesus Felipe
Publisher : Edward Elgar Publishing
ISBN 13 : 1782549684
Total Pages : 400 pages
Book Rating : 4.80/5 ( download)

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Download or read book The Aggregate Production Function and the Measurement of Technical Change written by Jesus Felipe and published by Edward Elgar Publishing. This book was released on 2013-10-31 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: This authoritative and stimulating book represents a fundamental critique of the aggregate production function, a concept widely used in macroeconomics.

Author : Jesus Felipe
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.70/5 ( download)

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Download or read book The Aggregate Production Function and the Measurement of Technical Change written by Jesus Felipe and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Jesus Felipe
Publisher : Edward Elgar Publishing
ISBN 13 : 9781782549673
Total Pages : 0 pages
Book Rating : 4.76/5 ( download)

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Download or read book The Aggregate Production Function and the Measurement of Technical Change written by Jesus Felipe and published by Edward Elgar Publishing. This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This authoritative and stimulating book represents a fundamental critique of the aggregate production function, a concept widely used in macroeconomics. The authors explain why, despite the serious aggregation problems that surround it, aggregate production functions often give plausible statistical results. This is due to the use of constant-price value data, rather than the theoretically correct physical data, together with an underlying accounting identity that relates the data definitionally. It is in this sense that the aggregate production function is 'not even wrong' it is not a behavioural relationship capable of being statistically refuted. The book examines the history of the production function and shows how certain seminal works on neoclassical growth theory, labour demand functions and estimates of the mark-up, among others, suffer from this fundamental problem. The book represents a fundamental critique of the aggregate production function and will be of interest to all macroeconomists.

Author : Dan Usher
Publisher : University of Chicago Press
ISBN 13 : 0226843025
Total Pages : 570 pages
Book Rating : 4.25/5 ( download)

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Download or read book The Measurement of Capital written by Dan Usher and published by University of Chicago Press. This book was released on 2008-04-15 with total page 570 pages. Available in PDF, EPUB and Kindle. Book excerpt: How is real capital measured by government statistical agencies? How could this measure be improved to correspond more closely to an economist's ideal measure of capital in economic analysis and prediction? It is possible to construct a single, reliable time series for all capital goods, regardless of differences in vintage, technological complexity, and rates of depreciation? These questions represent the common themes of this collection of papers, originally presented at a 1976 meeting of the Conference on Income and Wealth.

Author : Charles R. Hulten
Publisher : University of Chicago Press
ISBN 13 : 0226360644
Total Pages : 648 pages
Book Rating : 4.45/5 ( download)

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Download or read book New Developments in Productivity Analysis written by Charles R. Hulten and published by University of Chicago Press. This book was released on 2007-11-01 with total page 648 pages. Available in PDF, EPUB and Kindle. Book excerpt: The productivity slowdown of the 1970s and 1980s and the resumption of productivity growth in the 1990s have provoked controversy among policymakers and researchers. Economists have been forced to reexamine fundamental questions of measurement technique. Some researchers argue that econometric approaches to productivity measurement usefully address shortcomings of the dominant index number techniques while others maintain that current productivity statistics underreport damage to the environment. In this book, the contributors propose innovative approaches to these issues. The result is a state-of-the-art exposition of contemporary productivity analysis. Charles R. Hulten is professor of economics at the University of Maryland. He has been a senior research associate at the Urban Institute and is chair of the Conference on Research in Income and Wealth of the National Bureau of Economic Research. Michael Harper is chief of the Division of Productivity Research at the Bureau of Labor Statistics. Edwin R. Dean, formerly associate commissioner for Productivity and Technology at the Bureau of Labor Statistics, is adjunct professor of economics at The George Washington University.

Author : Lester B. Lave
Publisher :
ISBN 13 :
Total Pages : 264 pages
Book Rating : 4.44/5 ( download)

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Download or read book Technological Change, Its Conception and Measurement written by Lester B. Lave and published by . This book was released on 1966 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is another short work in the popular research area of technological change. It will be of interest to agricultural economists because three of the chapters deal explicitly with agriculture and much of the detailed concern with measurement problems utilizes agricultural data.

Author : Bart van Ark
Publisher : Springer Science & Business Media
ISBN 13 : 1475731612
Total Pages : 408 pages
Book Rating : 4.13/5 ( download)

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Download or read book Productivity, Technology and Economic Growth written by Bart van Ark and published by Springer Science & Business Media. This book was released on 2013-03-09 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: Productivity, Technology and Economic Growth presents a selection of recent research advances on long term economic growth. While the contributions stem from both economic history, macro- and microeconomics and the economics of innovation, all papers depart from a common viewpoint: the key factor behind long term growth is productivity, and the latter is primarily driven by technological change. Most contributions show implicitly or explicitly that technological change is at least partly dependent on growth itself. Furthermore, technology appears to interact strongly with investment in physical and human capital as well as with changes in historical, political and institutional settings. Together these papers are an up-to-date account of the remarkable convergence in theoretical and empirical work on productivity and growth over the past decades. The first part deals with the characteristics of growth regimes over longer periods, ranging from 20 years to two centuries. The next four chapters study the determinants of productivity growth and, in some cases, productivity slowdown during the last quarter of the twentieth century. The final five chapters focus on the role of technology and innovation as the key determinants of growth. Productivity, Technology and Economic Growth is, therefore, a welcome collection for academic scholars and graduate students in economics, history and related social sciences as well as for policy makers.

Author : Robert Merton Solow
Publisher :
ISBN 13 :
Total Pages : 9 pages
Book Rating : 4.91/5 ( download)

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Download or read book Technical Change and the Aggregate Production Function written by Robert Merton Solow and published by . This book was released on 1956 with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Mr.Pau Rabanal
Publisher : International Monetary Fund
ISBN 13 : 1451875657
Total Pages : 68 pages
Book Rating : 4.52/5 ( download)

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Download or read book Technology Shocks and Aggregate Fluctuations written by Mr.Pau Rabanal and published by International Monetary Fund. This book was released on 2004-12-01 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: Our answer: Not so well. We reached that conclusion after reviewing recent research on the role of technology as a source of economic fluctuations. The bulk of the evidence suggests a limited role for aggregate technology shocks, pointing instead to demand factors as the main force behind the strong positive comovement between output and labor input measures.

Author : Kazuo Satō
Publisher :
ISBN 13 :
Total Pages : 356 pages
Book Rating : 4.75/5 ( download)

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Download or read book Production Functions and Aggregation written by Kazuo Satō and published by . This book was released on 1975 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic research monograph on the economic theory of production functions and aggregation - includes a bibliography pp. 301 to 307.