A General Index of Technical Change

Badi Baltagi and James M Griffin

Journal of Political Economy, 1988, vol. 96, issue 1, 20-41

Abstract: This paper outlines a procedure for estimating a general index of technical change within the context of a qui te general production technology. Specifically, when panel data are a vailable for firms in an industry, time-specific dummies can be combi ned in a nonlinear estimation procedure to yield a general index of t echnical change that may be both nonneutral and scale augmenting. The general index can serve as the basis for analysis of the determinant s of technical change. Results for a sample of thirty electric utilit ies over the period 1951-78 show that the productivity decline of the 1970s can be attributed primarily to sulphur oxide restrictions and secularly declining capacity utilization due to rapidly increasing pe ak-load demands. Copyright 1988 by University of Chicago Press.

Date: 1988
References: Add references at CitEc
Citations: View citations in EconPapers (154)

Downloads: (external link)
http://dx.doi.org/10.1086/261522 full text (application/pdf)
Access to full text is restricted to subscribers. See http://www.journals.uchicago.edu/JPE for details.

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: https://EconPapers.repec.org/RePEc:ucp:jpolec:v:96:y:1988:i:1:p:20-41

Access Statistics for this article

More articles in Journal of Political Economy from University of Chicago Press
Bibliographic data for series maintained by Journals Division ().