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Decomposing Technical Change

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Decomposing Technical Change

Written by:
Working Paper Number: CES-91-04

Abstract

Decomposing Technical Change
Download Decomposing Technical Change [PDF - <1.0 MB]

A production function is specified with human capital as a separate argument and with embodied technical change proxied by a variable that measures the average vintage of the stock of capital. The coefficients of this production function are estimated with cross section data for roughly 2,150 new manufacturing plants in 41 industries, and for subsets of this sample. The question of interactions between new investment and initial endowments of capital is then examined with data for roughly 1,400 old plants in 15 industries.

Others in Series

Working Paper
R&D Reactions To High-Technology Import Competition
March 01, 1991
Author F M SCHERER
Working Paper Number CES-91-02
Working Paper
Measuring Total Factor Productivity, Technical Change And The Rate Of Returns To Research And Development
May 01, 1991
Author SANG V NGUYEN AND EDWARD C KOKKELENBERG
Working Paper Number CES-91-03
Working Paper
The Structure Of Production Technology Productivity And Aggregation Effects
August 01, 1991
Author PHOEBUS J DHRYMES
Working Paper Number CES-91-05
Page Last Revised - October 8, 2021
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