Abstract:
We describe new evidence that technological change is biased toward producing durables goods. Existing evidence in favor of the importance of change to growth and business cycles is based on the price deflators for investment and consumption goods. Our evidence is based on additional data, including industry specific goods prices, factor inputs, factor prices and the input-output tables.
More papers in 2004 Meeting Papers from Society for Economic Dynamics Address: Society for Economic Dynamics Anne Stubing CV Starr Center for Applied Economics 269 Mercer Street, Room 303 New York University New York, NY 10003 Contact information at EDIRC. Series data maintained by Christian Zimmermann ().
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