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Is the real price of equipment a good measure for investment-specific technological change?

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  • Kim, Kwang Hwan

Abstract

This paper shows that the real price of equipment is significantly affected by other shocks orthogonal to investment-specific technology shock. This finding questions the use of the real price of equipment as a measure of investment-specific technology shock.

Suggested Citation

  • Kim, Kwang Hwan, 2010. "Is the real price of equipment a good measure for investment-specific technological change?," Economics Letters, Elsevier, vol. 108(3), pages 311-313, September.
    • Handle: RePEc:eee:ecolet:v:108:y:2010:i:3:p:311-313
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    References listed on IDEAS

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