Les effets du progrès technique spécifique sur la durée de vie du capital et les mesures de productivité

Patrick Musso ()

Revue économique, 2004, vol. 55, issue 3, 459-468

Abstract: We propose in this paper a two-sector model of economic growth with endogenous capital goods? lifespan and embodied technological change. We show that an investment-specific technological shock modifies the optimal lifespan of capital goods and biases traditional total factor productivity measures. The quantitative impact of this phenomenon is highly dependant of the kind of investment-specific technological change considered. Classification JEL : O33, O41, O47.

JEL-codes: O33 O41 O47 (search for similar items in EconPapers)
Date: 2004
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