Click here to skip to this page's main content.

New Feature: You can now embed Open Library books on your website!   Learn More
Last edited by WorkBot
January 29, 2010 | History

Mapping prices into productivity in multisector growth models 1 edition

Mapping prices into productivity in multisector growth models
Liwa Rachel Ngai

No ebook available.


Buy this book

Add an ISBN in order to
link to booksellers


Jeepers. There's no description for this book yet. Can you help?
There is only 1 edition record, so we'll show it here...  •  Add edition?

Mapping prices into productivity in multisector growth models
L. Rachel Ngai and Roberto M. Samaniego.

Published 2008 by Centre for Economic Performance, London School of Economics and Political Science in London .
Written in English.

About the Book

Two issues related to mapping a multi-sector model into a reduced-form value-added model are often neglected: the composition of intermediate goods, and the distinction between value added productivity and gross output productivity. We demonstrate their quantitative significance for the case of the well known model of Greenwood, Hercowitz and Krusell (1997), who find that about 60% of economic growth can be attributed to investment-specific technical change (ISTC). When we recalibrate their model to allow for even a small equipment share of intermediates, we find that ISTC accounts for almost the entirety of postwar US growth.

Edition Notes

Title from PDF file (viewed on Oct. 10, 2008).

"May 2008."

Includes bibliographical references.

Also available in print.

System requirements: Adobe Acrobat Reader.

Mode of access: World Wide Web.

Series
CEP discussion paper -- no. 869

Classifications

Library of Congress
HC10

The Physical Object

Format
Electronic resource

ID Numbers

Open Library
OL22649234M
LC Control Number
2008613832

History Created December 11, 2009 · 2 revisions Download catalog record: RDF / JSON

January 29, 2010 Edited by WorkBot add more information to works
December 11, 2009 Created by WorkBot add works page