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U.S. wages in general equilibrium: the effects of prices, technology and factor supplies, 1963-1991

Harrigan, James; Balaban, Rita A. - Federal Reserve Bank of New York - 1999

causes are changes in technology, international competition, and factor supplies. The relative importance of these causes in … competitive general equilibrium where goods prices, technology and factor supplies jointly determine outputs and factor prices. We … specify an empirical model which allows us to estimate the general equilibrium relationship between wages and technology …

Persistent link: https://www.econbiz.de/10005420516

Importing technology

Caselli, Francesco; Wilson, Daniel - Federal Reserve Bank of San Francisco - 2003

We look at disaggregated imports of various types of equipment to make inferences on cross-country differences in the composition of equipment investment. We make three contributions. First, we document large differences in investment composition. Second, we explain these differences as being...

Persistent link: https://www.econbiz.de/10005401584

Importing technology

Caselli, Francesco; Wilson, Daniel - In: Proceedings (2002) Nov

Persistent link: https://www.econbiz.de/10005372697

The production-side approach to estimating embodied technological change

Sakellaris, Plutarchos; Wilson, Daniel J. - Federal Reserve Board (Board of Governors of the … - 2001

We estimate the rate of embodied technological change directly from plant-level manufacturing data on current output and input choices along with histories on their vintages of equipment investment. Our estimates range between 8 and 17 percent for the typical U.S. manufacturing plant during the...

Persistent link: https://www.econbiz.de/10005721268