Directed technological change and productivity growth: the Italian evidence 1861-2010
Cristiano Antonelli (),
Federico Barbiellini Amidei () and
Christophe Feder ()
International Journal of Computational Economics and Econometrics, 2017, vol. 7, issue 3, 238-255
The paper presents a new methodology to identify the effects of the introduction of directed technological change on the measure of total factor productivity growth. Its application to the evidence of Italian economic growth in the years 1861-2010 confirms that technological change has been strongly directed with relevant effects on the actual levels of total factor productivity growth measured by a procedure able to account for the changes in the output elasticity of inputs and identify shift and bias effects.
Keywords: technological change; factor bias; total factor productivity; productivity growth; Italy; economic growth. (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijcome:v:7:y:2017:i:3:p:238-255
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