Decomposing Technical Change

Byong-Hyong Bahk, Michael Gort and Richard A Wall

Working Papers from U.S. Census Bureau, Center for Economic Studies

Abstract: A production function is specified with human capital as a separate argument and with embodied technical change proxied by a variable that measures the average vintage of the stock of capital. The coefficients of this production function are estimated with cross section data for roughly 2,150 new manufacturing plants in 41 industries, and for subsets of this sample. The question of interactions between new investment and initial endowments of capital is then examined with data for roughly 1,400 old plants in 15 industries.

Keywords: CES; economic; research; micro; data; microdata; chief; economist (search for similar items in EconPapers)
Date: 1991-05
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:cen:wpaper:91-4

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