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The Aggregate Production Function and the Measurement of Technical Change

The Aggregate Production Function and the Measurement of Technical Change
Author: Jesus Felipe
Publisher: Edward Elgar Publishing
Total Pages: 400
Release: 2013-10-31
Genre: Business & Economics
ISBN: 1782549684

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This authoritative and stimulating book represents a fundamental critique of the aggregate production function, a concept widely used in macroeconomics.


The Measurement of Capital

The Measurement of Capital
Author: Dan Usher
Publisher: University of Chicago Press
Total Pages: 570
Release: 2008-04-15
Genre: Study Aids
ISBN: 0226843025

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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.


New Developments in Productivity Analysis

New Developments in Productivity Analysis
Author: Charles R. Hulten
Publisher: University of Chicago Press
Total Pages: 648
Release: 2007-11-01
Genre: Medical
ISBN: 0226360644

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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.


Technological Change & Productivity Growth

Technological Change & Productivity Growth
Author: A. Link
Publisher: Taylor & Francis
Total Pages: 89
Release: 2013-06-17
Genre: Business & Economics
ISBN: 1136458018

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This volume reviews the literature on productivity growth and relates it to the production function approach to technological change.


Aggregation

Aggregation
Author: Franklin M. Fisher
Publisher:
Total Pages: 312
Release: 1992
Genre: Economics
ISBN:

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This work deals with the question of the conditions for the existence of aggregate production functions (the heart of macroeconomics). It examines the conditions for approximate aggregation and through simulation experiments, considers why aggregate production functions appear to work.


Productivity, Technology and Economic Growth

Productivity, Technology and Economic Growth
Author: Bart van Ark
Publisher: Springer Science & Business Media
Total Pages: 408
Release: 2013-03-09
Genre: Business & Economics
ISBN: 1475731612

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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.


Technology Shocks and Aggregate Fluctuations

Technology Shocks and Aggregate Fluctuations
Author: Mr.Pau Rabanal
Publisher: International Monetary Fund
Total Pages: 68
Release: 2004-12-01
Genre: Business & Economics
ISBN: 1451875657

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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.