Was there a Marxian bias in Austrian manufacturing? Evidence on the direction of technical change, 1978-1994
Werner Hölzl ()
International Review of Applied Economics, 2010, vol. 24, issue 1, 35-56
This paper presents a study of the bias of technical change for 20 industries of the Austrian manufacturing sector for the period 1978 to 1994 using empirical methods derived from both classical and neoclassical economics. Overall, the results suggest that the technical bias in Austrian manufacturing did not follow a Marxian pattern. Estimates based on the classical framework suggest that 5 out of the 20 industries show a Marxian bias over the period 1978-1994. Evidence based on a neoclassical CES production function is provided and critically evaluated.
Keywords: capital productivity; bias of technical change; aggregate production function; Austrian manufacturing industries (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
Access to full text is restricted to subscribers.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:taf:irapec:v:24:y:2010:i:1:p:35-56
Ordering information: This journal article can be ordered from
Access Statistics for this article
International Review of Applied Economics is currently edited by Professor Malcolm Sawyer
More articles in International Review of Applied Economics from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().