Further model-based estimates of US total manufacturing production capital and technology, 1949–2005

Baoline Chen and Peter Zadrozny

Journal of Productivity Analysis, 2013, vol. 39, issue 1, 73 pages

Abstract: Production capital and technology (i.e., total factor productivity) in US manufacturing are fundamental for understanding output and productivity growth of the US economy but are unobserved at this level of aggregation and must be estimated before being used in empirical analysis. Previously, we developed a method for estimating production capital and technology based on an estimated dynamic structural economic model and applied the method using annual SIC data for 1947–1997 to estimate production capital and technology in US total manufacturing. In this paper, we update this work by reestimating the model and production capital and technology using annual SIC data for 1949–2001 and partly overlapping NAICS data for 1987–2005. Copyright Springer Science+Business Media, LLC (outside the USA) 2013

Keywords: Kalman filter; Estimation of unobserved variables; Dynamic structural modelling; C50; C81; D24; L60 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:kap:jproda:v:39:y:2013:i:1:p:61-73

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DOI: 10.1007/s11123-012-0271-5

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