A double calibration approach to the estimation of technological change

Shinichiro Okushima and Makoto Tamura

Journal of Policy Modeling, 2009, vol. 31, issue 1, 119-125

Abstract: This paper suggests a new methodology for evaluating technological change in a multi-sector general equilibrium framework. The double calibration technique was applied to an ex post decomposition analysis of technological change between two periods, enabling a distinction to be made between price-induced and factor-biased technological changes for each sector. The method is applied to an empirical case--the oil crises in Japan between 1970 and 1980.

Keywords: Calibration; General; equilibrium; model; Technological; change (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jpolmo:v:31:y:2009:i:1:p:119-125

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