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Investment-Specific Technical Change in the Us 1947-2000 : Measurement and Macroeconomic Consequences

Cummins, Jason G.; Violante, Giovanni L. - 2002

By extrapolating Gordon's (1990) measures of the quality-bias in the official price indexes, we construct quality-adjusted price indexes for 24 types of equipment and software (E&S) from 1947 to 2000 and use them to measure technical change at the aggregate and at the industry level....

Persistent link: https://www.econbiz.de/10014120485