The Resource Investment-Specific Technology Growth: Concepts and Recent Estimates

Investment-Specific Technology Growth: Concepts and Recent Estimates

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Investment-Specific Technology Growth: Concepts and Recent Estimates
Title
Investment-Specific Technology Growth: Concepts and Recent Estimates
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Summary
The strength of United States productivity growth in recent years has been attributed to technological improvements that are, in some sense, embodied in new types of capital equipment. However, traditional growth theory and growth accounting techniques -- which emphasize the role of disembodied, neutral technological progress -- are deficient in explaining this phenomenon. In this article, the author outlines a model of investment-specific technological change that has become popular for describing the notion of capital-embodied growth and summarizes some recent estimates of the importance of this type of technological progress for assessing United States productivity trends
http://library.link/vocab/creatorName
  • Pakko, Michael R
  • Inter-university Consortium for Political and Social Research [distributor]
Label
Investment-Specific Technology Growth: Concepts and Recent Estimates
Instantiates
Publication
Note
1273
Control code
ICPSR01273.v1
Governing access note
Access restricted to subscribing institutions
Label
Investment-Specific Technology Growth: Concepts and Recent Estimates
Publication
Note
1273
Control code
ICPSR01273.v1
Governing access note
Access restricted to subscribing institutions

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