Comment on M.D. Intriligator, "Productivity and the Embodiment of Technical Progress.' (response to article by Michael D. Intriligator in this issue, p. S75)
Article Abstract:
A study was conducted to examine research concerning the embodiment of technical innovations with productivity. An attempt is made to develop a neoclassical model which does not integrate the emobodiment process. Two different production technologies are presented. Ex ante technologies represent plans while ex post technologies refer to possible combinations of inputs based on the plan. Results show that rejecting the theoretical bases of the model does not necessarily imply rejection of the embodiment process.
Publication Name: Scandinavian Journal of Economics
Subject: Economics
ISSN: 0347-0520
Year: 1992
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Technology, growth and the business cycle
Article Abstract:
A study has been conducted to examine the possible improvements on the standard computations of the Solow residual. Production has been assumed to be derived from measured inputs, such as capital stock and hours worked, and not from input services. Findings indicated that adjusted slow residuals grow consistently faster than standard measures. The variability of the adjusted Solow residual has been found to be smaller in some cases as compared to that of the standard residuals.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 1999
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- Abstracts: Comment on E.R. Berndt and B. Hansson, "Measuring the Contribution of Public Infrastructure Capital in Sweden." (response to article by Ernst R. Berndt and Bengt Hansson in this issue, p.S151)
- Abstracts: The economics of poverty in poor countries. Comment on Z. Griliches, "The Search for R&D Spillovers." (response to article by Zvi Griliches in this issue, p. S29)