Measuring the Rate of Technological Progress in Structures

How much technological 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 results indicate there has been significant technological advance in structures that accounts for an important part of economic growth. (Copyright: Elsevier)

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Year of publication:	1999
Authors:	Gort, Michael ; Greenwood, Jeremy ; Rupert, Peter
Published in:	Review of Economic Dynamics. - Society for Economic Dynamics - SED. - Vol. 2.1999, 1, p. 207-230
Publisher:	Society for Economic Dynamics - SED
Subject:	investment-specific technological progress \| economic growth \| vintage capital \| replacement problem \| economic depreciation \| rent gradient

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Extent:	application/pdf
Type of publication:	Article
Notes:	Published
Other identifiers:	10.1006/redy.1998.0046 [DOI]
Classification:	O3 - Technological Change; Research and Development ; O4 - Economic Growth and Aggregate Productivity
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005027365