IDEAS home Printed from https://ideas.repec.org/h/nbr/nberch/7171.html
   My bibliography  Save this book chapter

Aggregation Problems in the Measurement of Capital

In: The Measurement of Capital

Author

Listed:
  • W. Erwin Diewert

Abstract

No abstract is available for this item.

Suggested Citation

  • W. Erwin Diewert, 1980. "Aggregation Problems in the Measurement of Capital," NBER Chapters, in: The Measurement of Capital, pages 433-538, National Bureau of Economic Research, Inc.
  • Handle: RePEc:nbr:nberch:7171
    as

    Download full text from publisher

    File URL: http://www.nber.org/chapters/c7171.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. McFadden, Daniel, 1978. "Cost, Revenue, and Profit Functions," Histoy of Economic Thought Chapters, in: Fuss, Melvyn & McFadden, Daniel (ed.),Production Economics: A Dual Approach to Theory and Applications, volume 1, chapter 1, McMaster University Archive for the History of Economic Thought.
    2. Abram Burk, 1936. "Real Income, Expenditure Proportionality, and Frisch's "New Methods of Measuring Marginal Utility"," Review of Economic Studies, Oxford University Press, vol. 4(1), pages 33-52.
    3. Feldstein, Martin S & Rothschild, Michael, 1974. "Towards an Economic Theory of Replacement Investment," Econometrica, Econometric Society, vol. 42(3), pages 393-423, May.
    4. Makoto Ohta & Zvi Griliches, 1976. "Automobile Prices Revisited: Extensions of the Hedonic Hypothesis," NBER Chapters, in: Household Production and Consumption, pages 325-398, National Bureau of Economic Research, Inc.
    5. D. W. Jorgenson & Z. Griliches, 1967. "The Explanation of Productivity Change," Review of Economic Studies, Oxford University Press, vol. 34(3), pages 249-283.
    6. Unknown, 1967. "Index," 1967 Conference, August 21-30, 1967, Sydney, New South Wales, Australia 209796, International Association of Agricultural Economists.
    7. Lau, Lawrence J, 1979. "On Exact Index Numbers," The Review of Economics and Statistics, MIT Press, vol. 61(1), pages 73-82, February.
    8. Bliss, C. J., 1975. "Capital Theory and the Distribution of Income," Elsevier Monographs, Elsevier, edition 1, number 9780720436044 edited by Bliss, C. J..
    9. Fuss, Melvyn & McFadden, Daniel, 1978. "Production Economics: A Dual Approach to Theory and Applications (II): Applications of the Theory of Production," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, volume 2, number fuss1978a.
    10. Robert B. Archibald, 1977. "On the Theory of Industrial Price Measurement Output Price Indexes," NBER Chapters, in: Annals of Economic and Social Measurement, Volume 6, number 1, pages 57-72, National Bureau of Economic Research, Inc.
    11. John W. Kendrick, 1961. "Productivity Trends in the United States," NBER Books, National Bureau of Economic Research, Inc, number kend61-1, January-J.
    12. Robert M. Solow, 1955. "The Production function and the Theory of Capital," Review of Economic Studies, Oxford University Press, vol. 23(2), pages 101-108.
    13. Appelbaum, Elie, 1979. "Testing price taking behavior," Journal of Econometrics, Elsevier, vol. 9(3), pages 283-294, February.
    14. Taubman, Paul & Wilkinson, Maurice, 1970. "User Cost, Capital Utilization and Investment Theory," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 11(2), pages 209-215, June.
    15. Star, Spencer, 1974. "Accounting for the Growth of Output," American Economic Review, American Economic Association, vol. 64(1), pages 123-135, March.
    16. Blackorby, Charles & Lovell, C A Knox & Thursby, Marie C, 1976. "Extended Hicks Neutral Technical Change," Economic Journal, Royal Economic Society, vol. 86(344), pages 845-852, December.
    17. Morishima, Michio, 1969. "Theory of Economic Growth," OUP Catalogue, Oxford University Press, number 9780198281641.
    18. Michael G. S. Denny & John A. Sawyer, 1976. "Revising the National Accounts," Canadian Journal of Economics, Canadian Economics Association, vol. 9(4), pages 720-732, November.
    19. Sidney N. Afriat, 1972. "The Theory of International Comparisons of Real Income and Prices," NBER Chapters, in: International Comparisons of Prices and Output, pages 13-84, National Bureau of Economic Research, Inc.
    20. D. Usher, 1974. "The Suitability Of The Divisia Index For The Measurement Of Economic Aggregates," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 20(3), pages 273-288, September.
    21. Samuelson, Paul A & Swamy, S, 1974. "Invariant Economic Index Numbers and Canonical Duality: Survey and Synthesis," American Economic Review, American Economic Association, vol. 64(4), pages 566-593, September.
    22. Khang, Chulsoon, 1971. "An isovalue locus involving intermediate goods and its applications to the pure theory of international trade," Journal of International Economics, Elsevier, vol. 1(3), pages 315-325, August.
    23. Usher, D, 1974. "The Suitability of the Divisia Index for the Measurement of Economic Aggregates," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 20(3), pages 273-288, September.
    24. Hanoch, Giora, 1975. "Production and Demand Models with Direct or Indirect Implicit Additivity," Econometrica, Econometric Society, vol. 43(3), pages 395-419, May.
    25. Charles R. Hulten, 1978. "Growth Accounting with Intermediate Inputs," Review of Economic Studies, Oxford University Press, vol. 45(3), pages 511-518.
    26. Hulten, Charles R, 1973. "Divisia Index Numbers," Econometrica, Econometric Society, vol. 41(6), pages 1017-1025, November.
    27. M. Denny, 1974. "The Relationship Between Functional Forms for the Production System," Canadian Journal of Economics, Canadian Economics Association, vol. 7(1), pages 21-31, February.
    28. Blackorby, Charles, et al, 1970. "Homothetic Separability and Consumer Budgeting," Econometrica, Econometric Society, vol. 38(3), pages 468-472, May.
    29. Star, Spencer & Hall, Robert E, 1976. "An Approximate Divisia Index of Total Factor Productivity," Econometrica, Econometric Society, vol. 44(2), pages 257-263, March.
    30. J. v. Neumann, 1945. "A Model of General Economic Equilibrium," Review of Economic Studies, Oxford University Press, vol. 13(1), pages 1-9.
    31. Fuss, Melvyn & McFadden, Daniel (ed.), 1978. "Production Economics: A Dual Approach to Theory and Applications," Elsevier Monographs, Elsevier, edition 1, number 9780444850133.
    32. Diewert, W E, 1971. "An Application of the Shephard Duality Theorem: A Generalized Leontief Production Function," Journal of Political Economy, University of Chicago Press, vol. 79(3), pages 481-507, May-June.
    33. Elie Appelbaum & Ulrich R. Kohli, 1979. "Canada-United States Trade: Tests for the Small-Open-Economy Hypothesis," Canadian Journal of Economics, Canadian Economics Association, vol. 12(1), pages 1-14, February.
    34. Cornwall, Richard R, 1973. "A Note on Using Profit Functions to Aggregate Production Functions," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 14(2), pages 511-519, June.
    35. A. Thomas King, 1976. "The Demand for Housing: Integrating the Roles of Journey-to-Work, Neighborhood Quality, and Prices," NBER Chapters, in: Household Production and Consumption, pages 451-488, National Bureau of Economic Research, Inc.
    36. Fuss, Melvyn & McFadden, Daniel, 1978. "Production Economics: A Dual Approach to Theory and Applications (I): The Theory of Production," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, volume 1, number fuss1978.
    37. R. E. Hall, 1968. "Technical Change and Capital from the Point of View of the Dual," Review of Economic Studies, Oxford University Press, vol. 35(1), pages 35-46.
    38. Zvi Griliches, 1961. "Hedonic Price Indexes for Automobiles: An Econometric of Quality Change," NBER Chapters, in: The Price Statistics of the Federal Goverment, pages 173-196, National Bureau of Economic Research, Inc.
    39. Harold Hotelling, 1932. "Edgeworth's Taxation Paradox and the Nature of Demand and Supply Functions," Journal of Political Economy, University of Chicago Press, vol. 40, pages 577-577.
    40. Franklin M. Fisher, 1965. "Embodied Technical Change and the Existence of an Aggregate Capital Stock," Review of Economic Studies, Oxford University Press, vol. 32(4), pages 263-288.
    41. Creamer, Daniel, 1972. "Measuring Capital Input for Total Factor Productivity Analysis: Comments by a Sometime Estimator," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 18(1), pages 55-78, March.
    42. Bruno, Michael, 1978. "Duality, Intermediate Inputs and Value-Added," Histoy of Economic Thought Chapters, in: Fuss, Melvyn & McFadden, Daniel (ed.),Production Economics: A Dual Approach to Theory and Applications, volume 2, chapter 1, McMaster University Archive for the History of Economic Thought.
    43. Fischer, Stanley, 1974. "Money and the Production Function," Economic Inquiry, Western Economic Association International, vol. 12(4), pages 517-533, December.
    44. Donald J. Daly, 1972. "Combining Inputs To Secure A Measure Of Total Factor Input," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 18(1), pages 27-53, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jesus Felipe & Franklin M. Fisher, 2003. "Aggregation in Production Functions: What Applied Economists should Know," Metroeconomica, Wiley Blackwell, vol. 54(2‐3), pages 208-262, May.
    2. M. Ishaq Nadiri & Ingmar Prucha, 2001. "Dynamic Factor Demand Models and Productivity Analysis," NBER Chapters, in: New Developments in Productivity Analysis, pages 103-172, National Bureau of Economic Research, Inc.
    3. Valentin Zelenyuk, 2021. "Performance Analysis: Economic Foundations & Trends," CEPA Working Papers Series WP162021, School of Economics, University of Queensland, Australia.
    4. Hiroaki HAYAKAWA, 2016. "Theory of the Firm: A Reformulation with Primary Factors of Production and Procurement of Ingredient Inputs," Journal of Economics and Political Economy, KSP Journals, vol. 3(3), pages 418-439, September.
    5. David Greenstreet, 2007. "Exploiting Sequential Learning to Estimate Establishment-Level Productivity Dynamics and Decision Rules," Economics Series Working Papers 345, University of Oxford, Department of Economics.
    6. Vartia, Yrjö O., . "Relative Changes and Index Numbers," ETLA A, The Research Institute of the Finnish Economy, number 4.
    7. Wilson, Daniel J., 2009. "IT and Beyond: The Contribution of Heterogeneous Capital to Productivity," Journal of Business & Economic Statistics, American Statistical Association, vol. 27, pages 52-70.
    8. Charles R. Hulten, 2000. "Total Factor Productivity: A Short Biography," NBER Working Papers 7471, National Bureau of Economic Research, Inc.
    9. Rodriguez, X.A., 1999. "A proposal for decomposing and adjusting the conventional Divisia index for the measure of productivity," Economic Development 41, University of Santiago de Compostela. Faculty of Economics and Business. Econometrics..
    10. James Bessen, 2008. "Accounting for Productivity Growth When Technical Change is Biased," Working Papers 0802, Research on Innovation.
    11. W. Briec & K. Kerstens, 2009. "Infeasibility and Directional Distance Functions with Application to the Determinateness of the Luenberger Productivity Indicator," Journal of Optimization Theory and Applications, Springer, vol. 141(1), pages 55-73, April.
    12. Moschini, GianCarlo, 2001. "Production risk and the estimation of ex-ante cost functions," Journal of Econometrics, Elsevier, vol. 100(2), pages 357-380, February.
    13. Pope, Rulon D. & Just, Richard E., 1996. "Empirical implementation of ex ante cost functions," Journal of Econometrics, Elsevier, vol. 72(1-2), pages 231-249.
    14. Amil Petrin & Jerome Reiter & Kirk White, 2011. "The Impact of Plant-level Resource Reallocations and Technical Progress on U.S. Macroeconomic Growth," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 14(1), pages 3-26, January.
    15. Martin, Juan Carlos & Voltes-Dorta, Augusto, 2007. "Marginal Cost Estimations In Airports. Multiproductive Cost Functions And Stochastic Frontiers: An International Airports Case Study," 48th Annual Transportation Research Forum, Boston, Massachusetts, March 15-17, 2007 207931, Transportation Research Forum.
    16. Edward M. Miller, 1988. "Used Capital: Implications for Isoquants, Production Functions, and Shepard's Lemma," Eastern Economic Journal, Eastern Economic Association, vol. 14(2), pages 141-152, Apr-Jun.
    17. Simoneau, Marcel, 1982. "Vers une mesure de la progressivité technologique," L'Actualité Economique, Société Canadienne de Science Economique, vol. 58(3), pages 283-302, juillet-s.
    18. Hulten, Charles R., 2010. "Growth Accounting," Handbook of the Economics of Innovation, in: Bronwyn H. Hall & Nathan Rosenberg (ed.), Handbook of the Economics of Innovation, edition 1, volume 2, chapter 0, pages 987-1031, Elsevier.
    19. Serletis, Apostolos & Xu, Libo, 2020. "Functional monetary aggregates, monetary policy, and business cycles," Journal of Economic Dynamics and Control, Elsevier, vol. 121(C).
    20. Pla, Josep M., 1988. "Ensemble des possibilités de production, fonction de production et fonction de coût : une présentation de la dualité," L'Actualité Economique, Société Canadienne de Science Economique, vol. 64(3), pages 416-441, septembre.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nbr:nberch:7171. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: . General contact details of provider: https://edirc.repec.org/data/nberrus.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (email available below). General contact details of provider: https://edirc.repec.org/data/nberrus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.