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Measuring the rate of technological progress in structures

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Author Info
Michael Gort
Jeremy Greenwood
Peter Rupert

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Abstract

An effort to measure technological progress in structures by using panel data on the age and rents of buildings in a vintage capital model, where buildings are replaced at some chosen periodicity. It finds that there has been significant technological advance in structures, which accounts for a major part of economic growth.

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File URL: http://www.clevelandfed.org/research/workpaper/1998/wp9806.pdf
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Paper provided by Federal Reserve Bank of Cleveland in its series Working Paper with number 9806.

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Date of creation: 1998
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Handle: RePEc:fip:fedcwp:9806

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Keywords: Technology ; Capital investments;

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  1. Canadian Macro Study Group
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.:
  1. Robert J. Gordon, 1990. "The Measurement of Durable Goods Prices," NBER Books, National Bureau of Economic Research, Inc, number gord90-1.
  2. 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)
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  3. Jeremy Greenwood & Zvi Hercowitz & Per Krusell, 1992. "Macroeconomic implications of investment-specific technological change," Discussion Paper / Institute for Empirical Macroeconomics 76, Federal Reserve Bank of Minneapolis. [Downloadable!]
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This page was last updated on 2009-11-12.

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