Embodied Technological Change, Learning-by-doing and the Productivity Slowdown

This file is part of IDEAS, which uses RePEc data

Embodied Technological Change, Learning-by-doing and the Productivity Slowdown

Author Info

Raouf Boucekkine
Fernando del Río
Omar Licandro

Additional information is available for the following registered author(s):

Abstract

The productivity slowdown in the US economy since the first oil shock has recently been associated with a larger decline rate of the relative price of equipment investment and a smaller rate of disembodied technical change. We set up a growth model in which learning-by-doing is the engine of both embodied and disembodied technological progress. A shift in the relative efficiency of learning-by-doing from the consumption to the investment sector is shown to imply a technological reassignment consistent with the above-mentioned evidence. This result derives from the interaction between the obsolescence costs inherent in embodiment and the learning-by-doing engine. Copyright The editors of the "Scandinavian Journal of Economics", 2002 .

Download Info
To download:

If you experience problems downloading a file, check if you have the proper application to view it first. Information about this may be contained in the File-Format links below. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Publisher Info
Article provided by Blackwell Publishing in its journal The Scandinavian Journal of Economics.

Volume (Year): 105 (2003)
Issue (Month): 1 (03)
Pages: 87-98
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:bla:scandj:v:105:y:2003:i:1:p:87-98

Contact details of provider:
Web page: http://www.blackwellpublishing.com/journal.asp?ref=0347-0520

Order Information:
Web: http://www.blackwellpublishing.com/subs.asp?ref=0347-0520

For technical questions regarding this item, or to correct its listing, contact: (Christopher F. Baum).

Related research
Keywords:

Other versions of this item:

Paper
- Raouf BOUCEKKINE & Fernando DEL RIO & Omar LICANDRO, 2002. "Embodied technological change learning-by-doing and the productivity slowdown," Discussion Papers (IRES - Institut de Recherches Economiques et Sociales) 2002028, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES). [Downloadable!]
- Raouf BOUCEKKINE & Fernando DEL RIO & Omar LICANDRO, 2002. "Embodied Technological Change, Learning-by-Doing and the Productivity Slowdown," Economics Working Papers ECO2002/12, European University Institute. [Downloadable!]

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

Romer, Paul M, 1986. "Increasing Returns and Long-run Growth," Journal of Political Economy, University of Chicago Press, vol. 94(5), pages 1002-37, October. [Downloadable!] (restricted)
Hsieh, Chang-Tai, 2001. "Endogenous growth and obsolescence," Journal of Development Economics, Elsevier, vol. 66(1), pages 153-171, October. [Downloadable!] (restricted)
David, Paul A, 1990. "The Dynamo and the Computer: An Historical Perspective on the Modern Productivity Paradox," American Economic Review, American Economic Association, vol. 80(2), pages 355-61, May. [Downloadable!] (restricted)
Andreas Hornstein & Per Krusell, 1996. "Can Technology Improvements Cause Productivity Slowdowns?," NBER Chapters, in: NBER Macroeconomics Annual 1996, Volume 11, pages 209-276 National Bureau of Economic Research, Inc. [Downloadable!]
Hercowitz, Zvi, 1998. "The 'embodiment' controversy: A review essay," Journal of Monetary Economics, Elsevier, vol. 41(1), pages 217-224, February. [Downloadable!] (restricted)
Boucekkine, Raouf & del Rio, Fernando & Licandro, Omar, 1999. "The Importance of the Embodied Question Revisited," Discussion Papers (IRES - Institut de Recherches Economiques et Sociales) 1999026, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES). [Downloadable!]
Other versions:
- Raouf Boucekkine & Fernando del Río & Omar Licandro, . "The importance of the embodied question revisited," Working Papers 99-13, FEDEA. [Downloadable!]
- Boucekkine, Raouf & Del Rio, Fernando & Licandro, Omar, 2000. "The importance of the embodied question revisited," CEPREMAP Working Papers (Couverture Orange) 0001, CEPREMAP.
Greenwood, Jeremy & Hercowitz, Zvi & Krusell, Per, 1997. "Long-Run Implications of Investment-Specific Technological Change," American Economic Review, American Economic Association, vol. 87(3), pages 342-62, June. [Downloadable!] (restricted)
Other versions:
- Greenwood, J. & Hercowitz, Z. & Krusell, P., 1996. "Long-Run Implications of Investment-Specific Technological Change," RCER Working Papers 420, University of Rochester - Center for Economic Research (RCER).
- Greenwood, J. & Hercowitz, Z. & Krusell, P., 1995. "Long-Run Implications of Investment-Specific Technological Change," UWO Department of Economics Working Papers 9510, University of Western Ontario, Department of Economics.
Krusell, Per, 1998. " Investment-Specific R&D and the Decline in the Relative Price of Capital," Journal of Economic Growth, Springer, vol. 3(2), pages 131-41, June. [Downloadable!] (restricted)

Full references

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

Raouf BOUCEKKINE & Fernando DEL RIO & Omar LICANDRO, 2002. "Obsolescence and Modernization in the Growth Process," Discussion Papers (IRES - Institut de Recherches Economiques et Sociales) 2002043, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES). [Downloadable!]
Other versions:
- BOUCEKKINE, Raouf & del RIO, Fernando & LICANDRO, Omar, 2002. "Obsolescence and modernizationn in the growth process," CORE Discussion Papers 2002067, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE). [Downloadable!]
- Raouf BOUCEKKINE & Fernando DEL RIO & Omar LICANDRO, 2001. "Obsolescence and Modernization in the Growth Process," Economics Working Papers ECO2001/18, European University Institute. [Downloadable!]
- Boucekkine, Raouf & del Rio, Fernando & Licandro, Omar, 2005. "Obsolescence and modernization in the growth process," Journal of Development Economics, Elsevier, vol. 77(1), pages 153-171, June. [Downloadable!] (restricted)
Eva, MORENO-GALBIS & Henri R., SNEESSENS, 2004. "Low-Skilled Unemployment, Capital-Skill Complementarity and Embodied Technical Progress," Discussion Papers (IRES - Institut de Recherches Economiques et Sociales) 2004025, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES). [Downloadable!]
Other versions:
- Eva MORENO-GALBIS & Henri SNEESSENS, 2007. "Low-skilled unemployment, capital-skill complementarity and embodied technical progress," Discussion Papers (REL - Recherches Economiques de Louvain) 2007031, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES). [Downloadable!]
- E. Moreno-Galbis & H.R. Sneessens, 2007. "Low-skilled unemployment, capital-skill complementarity and embodied technical progress," Recherches économiques de Louvain, De Boeck Université, vol. 73(3), pages 241-272. [Downloadable!] (restricted)
Christian Groth & Karl-Josef Koch & Thomas M. Steger, 2009. "When economic growth is less than exponential," Volkswirtschaftliche Diskussionsbeitraege 129-09, Universität Siegen, Fachbereich Wirtschaftswissenschaften, Wirtschaftsinformatik und Wirtschaftsrecht. [Downloadable!]
Other versions:
- Christian Groth & Karl-Josef Koch & Thomas M. Steger, . "When Economic Growth is Less than Exponential," EPRU Working Paper Series 2009-03, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics, revised May 2009. [Downloadable!]
- Christian Groth & Karl-Josef Koch & Thomas M. Steger, 2009. "When economic growth is less than exponential," MAGKS Papers on Economics 200931, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung). [Downloadable!]
Gabriel J. Felbermayr & Omar Licandro, . "The underestimated virtues of the two-sector AK model," Working Papers 2003-13, FEDEA. [Downloadable!]
Other versions:
- Gabriel J. FELBERMAYR & Omar LICANDRO, 2002. "The Under-Estimated Virtues of the Two-Sector AK Model," Economics Working Papers ECO2002/27, European University Institute. [Downloadable!]
- Gabriel Felbermayr & Omar Licandro, 2003. "The underestimated virtues of the two-sector AK model," Economics working papers 2003-15, Department of Economics, Johannes Kepler University Linz, Austria. [Downloadable!]
- Gabriel Felbermayr & Omar Licandro, 2005. "The Underestimated Virtues of the Two-sector AK Model," Contributions to Macroeconomics, Berkeley Electronic Press, vol. 5(1), pages 1322-1322. [Downloadable!] (restricted)
Gabriel J Felbermayr & Omar Licandro, 2002. "Embodied technical change in a two-sector AK model," Macroeconomics 0210001, EconWPA. [Downloadable!]
Raouf, BOUCEKKINE & Marc, GERMAIN, 2007. "Impacts of emission reduction policies in a multi-regional multi-sectoral small open economy with endogenous growth," Discussion Papers (ECON - DÃ©partement des Sciences Economiques) 2007010, Université catholique de Louvain, Département des Sciences Economiques. [Downloadable!]
Other versions:
- BOUCEKKINE, Raouf & GERMAIN, Marc, 2007. "Impacts of emission reduction policies in a multi-regional multi-sectoral small open economy with endogenous growth," CORE Discussion Papers 2007011, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE). [Downloadable!]
Gabriel Felbermayr, 2004. "Specialization on a technologically atagnant aector need not be bad for growth," Economics working papers 2004-02, Department of Economics, Johannes Kepler University Linz, Austria. [Downloadable!]
Other versions:
- Gabriel J. Felbermayr, 2004. "Specialization on a Technologically Stagnant Sector Need Not Be Bad for Growth," cege â Center for European, Governance and Economic Development Research Discussion Papers 24, cege – Center for European, Governance and Economic Development Research, University of Goettingen (Germany).. [Downloadable!]
- Gabriel J. Felbermayr, 2007. "Specialization on a technologically stagnant sector need not be bad for growth," Oxford Economic Papers, Oxford University Press, vol. 59(4), pages 682-701, October. [Downloadable!] (restricted)
Raouf, BOUCEKKINE & Blanca, MARTINEZ & Cagri, SAGLAM, 2003. "The Development problem under embodiment," Discussion Papers (IRES - Institut de Recherches Economiques et Sociales) 2003006, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES). [Downloadable!]
Other versions:
- Raouf Boucekkine & Blanca Martínez & CARGI SAGLAM, 2003. "The Development Problem Under Embodiment," Working Papers. Serie AD 2003-08, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie). [Downloadable!]
- Raouf Boucekkine & Blanca Martínez & Cagri Saglam, 2006. "The Development Problem under Embodiment," Review of Development Economics, Blackwell Publishing, vol. 10(1), pages 42-58, 02. [Downloadable!] (restricted)
R. Boucekkine & H.C. Saglam & T. Vallee, 2002. "Optimal switching time of technologies," Computing in Economics and Finance 2002 64, Society for Computational Economics. [Downloadable!]
Raouf, BOUCEKKINE & Cagri, SAGLAM & Thomas, VALLEE, 2002. "Technology adoption under embodiment : A two-stage optimal control approach," Discussion Papers (IRES - Institut de Recherches Economiques et Sociales) 2003007, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES). [Downloadable!]
Other versions:
- BOUCEKKINE, RAOUF & SAGLAM , Cagri & VALLƒE, Thomas, 2003. "Technology adoption under embodiment: a two-stage optimal control approach," CORE Discussion Papers 2003055, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE). [Downloadable!]
- Boucekkine, Raouf & Saglam, Cagri & Vall Ee, Thomas, 2004. "Technology Adoption Under Embodiment: A Two-Stage Optimal Control Approach," Macroeconomic Dynamics, Cambridge University Press, vol. 8(02), pages 250-271, April. [Downloadable!]
Eva, MORENO-GALBIS, 2004. "Unemployment and Endogenous Growth with Capital-Skill Complementarity," Discussion Papers (IRES - Institut de Recherches Economiques et Sociales) 2004001, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES). [Downloadable!]
Xavier Mateos-Planas, 2004. "Creative Destruction and Policy in a Model of Endogenous Growth," Topics in Macroeconomics, Berkeley Electronic Press, vol. 4(1), pages 1134-1134. [Downloadable!] (restricted)

Statistics

Access and download statistics

Did you know? IDEAS also indexes software components.

This page was last updated on 2009-10-26.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.