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Measure of technological change
The most general measure of technological chnage is regareded as that
elaborated by Solow in 1957. In other words, it is the measure called
growth accoounting now. But few economists pay attention to the criticism
against it by Pasinetti in 1959. It was the paper entitled "On Concept and
Measures of Change in Productivity", which was published on the REVEIW OF
ECONOMICS AND STATISTICS, VOL. 41, Issue 3, pp. 270 -286. Pasinetti showed
the measure which doesn't depend upon the assumption of
"well-behaved"production function. I think it very unfortunate to have been
neglected the Pasinetti's measure to estimate technological chnage, in
spite of the fact that the growth accounting isn't so appropriate measure.
I have never heard any empirical studies on technological change by means
of Pasinetti' measure. Are there anyone who has heard or done empirical
studies by means of the measure?
**************************************
Kazuhiro Kurose
Graduate School of Economics and Business
Administration, Hokkaido University
Kita 9 Nishi 7, Kita-Ku, Sapporo, Japan
060-0809
TEL: +81-11-716-2111 ex:2786
**************************************
- Thread context:
- Re: [gang8] Re: [A-List] US Dollar Standard: Deficits Do Matter, (continued)
Re: Money, etc. Reform and a DVL,
W. Curtiss Priest Mon 24 Feb 2003, 21:03 GMT
Re: PK theories of the state? Request for bibliographic references,
g kohler Mon 24 Feb 2003, 18:06 GMT
Call for papers: Conference session on the history and philosophy of economics,
Lee, Frederic Mon 24 Feb 2003, 17:05 GMT
Measure of technological change,
Kazuhiro Kurose Mon 24 Feb 2003, 17:04 GMT
Re: [A-List] US Dollar Standard: Deficits Do Matter,
Henry C.K. Liu Mon 24 Feb 2003, 00:46 GMT
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