We describe new evidence that technological change is biased toward producing durables goods. Existing evidence in favor of the importance of change to growth and business cycles is based on the price deflators for investment and consumption goods. Our evidence is based on additional data, including industry specific goods prices, factor inputs, factor prices and the input-output tables.
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Paper provided by Society for Economic Dynamics in its series 2004 Meeting Papers with number
55.
Length: Date of creation: 2004 Date of revision: Handle: RePEc:red:sed004:55
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