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Measuring the Rate of Technological Progress in Structures

M. Gort, Jeremy Greenwood and Peter Rupert ()

RCER Working Papers from University of Rochester - Center for Economic Research (RCER)

Abstract: How much technological change progress has there been in structures? An attempt is made to measure this using panel data on the age and rents of buildings. The data are interpreted with the help of a vintage capital model where buildings are replaced with some chosen periodicity. The key is a formal definition for subjectively unambiguous event'.

Keywords: TECHNOLOGICAL CHANGE; ECONOMIC GROWTH (search for similar items in EconPapers)
JEL-codes: O3 O4 (search for similar items in EconPapers)
Pages: 38 pages
Date: 1998
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Journal Article: Measuring the Rate of Technological Progress in Structures (1999) Downloads
Working Paper: Measuring the rate of technological progress in structures (1998) Downloads
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