Jorgenson, Dale W.; Jin, Hui; Slesnick, Daniel T.; … - In: Handbook of computable general equilibrium modeling : …, (pp. 1133-1212). 2013
The first objective of this chapter is to present a new approach to econometric modeling of producer behavior. Our key contribution is to represent the rate and biases of technical change by unobservable or latent variables. We also divide the rate of technical change between components that are...
