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Measuring the rate of technological progress in structures

Michael Gort, Jeremy Greenwood and Peter Rupert ()

No 9806, Working Papers (Old Series) from Federal Reserve Bank of Cleveland

Abstract: 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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Related works:
Journal Article: Measuring the Rate of Technological Progress in Structures (1999) Downloads
Working Paper: Measuring the Rate of Technological Progress in Structures (1998)
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