New Evidence on Durable Goods Biased Technological Change

Jonas Fisher and John Fernald ()

No 55, 2004 Meeting Papers from Society for Economic Dynamics

Abstract: We describe new evidence that technological change is biased toward producing durables goods. Existing evidence in favor of the importance of change to growth and business cycles is based on the price deflators for investment and consumption goods. Our evidence is based on additional data, including industry specific goods prices, factor inputs, factor prices and the input-output tables.

Keywords: investment-specific technological change; growth accouting (search for similar items in EconPapers)
JEL-codes: E0 (search for similar items in EconPapers)
Date: 2004
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