Measuring the rate of technological progress in structures
Jeremy Greenwood and
Peter Rupert ()
No 9806, Working Papers (Old Series) from Federal Reserve Bank of Cleveland
An effort to measure technological progress in structures by using panel data on the age and rents of buildings in a vintage capital model, where buildings are replaced at some chosen periodicity. It finds that there has been significant technological advance in structures, which accounts for a major part of economic growth.
Keywords: Capital investments; Technology (search for similar items in EconPapers)
Date: 1998, Revised 1998
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Journal Article: Measuring the Rate of Technological Progress in Structures (1999)
Working Paper: Measuring the Rate of Technological Progress in Structures (1998)
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedcwp:9806
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