Technological Choices and Prices, and Their Implications for the U.S. Economy, 1963-2000

Faye Duchin and Lange, Glenn-Marie

Economic Systems Research, 1992, vol. 4, issue 1, pages 53-76

Abstract: This paper examines the influence of technological change and changing factor prices in the U.S. economy on prices and incomes between 1967 and 2000. Dynamic input-output physical, price and income models provide the conceptual framework for the analysis. The investigation is focused on sectoral price changes, the distribution of income and outlays between capital and labor, and the changing real purchasing power of capital and labor. One major conclusion is that the shares of national income earned.by labor and capital have remained relatively constant over the entire period due to offsetting changes which are explicitly identified. At the same time, labor's purchasing power has not increased as much as that of capital. Copyright 1992 by Taylor and Francis Group

Date: 1992

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:taf:ecsysr:v:4:y:1992:i:1:p:53-76

Ordering information: This journal article can be ordered from
http://www.tandf.co.uk/journals/subscription.html

Access Statistics for this article

Economic Systems Research is edited by Erik Dietzenbacher

More articles in Economic Systems Research from Taylor and Francis Journals
Series data maintained by Christopher F. Baum ().