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Technological Change And Welfare In An Economy With Distortions

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  • Perrin, Richard K.
  • Fulginiti, Lilyan E.

Abstract

Traditional measures of the benefits of technological change use producer prices. Consumer-oriented measures are more appropriate but they require knowledge of price impacts. They may diverge in the presence of distortions. This paper shows that in general equilibrium they are interrelated differing by the price effect of the technological change.

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Bibliographic Info

Paper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 1998 Annual meeting, August 2-5, Salt Lake City, UT with number 21013.

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Date of creation: 1998
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Handle: RePEc:ags:aaea98:21013

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Related research

Keywords: Demand and Price Analysis; Research and Development/Tech Change/Emerging Technologies; Research Methods/ Statistical Methods;

References

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  1. J. R. Norsworthy & Michael J. Harper & Kent Kunze, 1979. "The Slowdown in Productivity Growth: Analysis of Some Contributing factors," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 10(2), pages 387-422.
  2. Pittman, Russell W, 1983. "Multilateral Productivity Comparisons with Undesirable Outputs," Economic Journal, Royal Economic Society, vol. 93(372), pages 883-91, December.
  3. Richard K. Perrin & Lilyan E. Fulginiti, 2005. "Productivity Measures in the Presence of 'Poorly Priced' Goods," Public Economics 0502018, EconWPA.
  4. Diewert, W E, 1992. "Exact and Superlative Welfare Change Indicators," Economic Inquiry, Western Economic Association International, vol. 30(4), pages 562-82, October.
  5. Capalbo, Susan M., 1986. "Temporary equilibrium production models for a common-property renewable-resource sector," Journal of Econometrics, Elsevier, vol. 33(1-2), pages 263-284.
  6. Binswanger, Hans P., 1973. "The Measurement Of Technical Change Biases With Many Factors Of Production," Staff Papers 14205, University of Minnesota, Department of Applied Economics.
  7. Jean Paul Chavas & Thomas L. Cox, 1996. "On Market Equilibrium Analysis," Wisconsin-Madison Agricultural and Applied Economics Staff Papers 393, Wisconsin-Madison Agricultural and Applied Economics Department.
  8. Christainsen, Gregory B. & Haveman, Robert H., 1981. "The contribution of environmental regulations to the slowdown in productivity growth," Journal of Environmental Economics and Management, Elsevier, vol. 8(4), pages 381-390, December.
  9. Fare, Rolf, et al, 1989. "Multilateral Productivity Comparisons When Some Outputs Are Undesirable: A Nonparametric Approach," The Review of Economics and Statistics, MIT Press, vol. 71(1), pages 90-98, February.
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