Does Hedonic Price Indexing Change Our Interpretation of Economic History? Evidence from Swedish Electrification
Author
Abstract
Suggested Citation
Download full text from publisher
Other versions of this item:
- Harald Edquist, 2010. "Does hedonic price indexing change our interpretation of economic history? Evidence from Swedish electrification," Economic History Review, Economic History Society, vol. 63(2), pages 500-523, May.
References listed on IDEAS
- Bresnahan, Timothy F. & Trajtenberg, M., 1995.
"General purpose technologies 'Engines of growth'?,"
Journal of Econometrics, Elsevier, vol. 65(1), pages 83-108, January.
- Timothy F. Bresnahan & Manuel Trajtenberg, 1992. "General Purpose Technologies "Engines of Growth?"," NBER Working Papers 4148, National Bureau of Economic Research, Inc.
- Trajtenberg, M. & Bresnahan, T.F., 1992. "General Purpose Technologies: "Engines of Growth"," Papers 16-92, Tel Aviv.
- Nicholas Crafts, 2004.
"Steam as a general purpose technology: A growth accounting perspective,"
Economic Journal, Royal Economic Society, vol. 114(495), pages 338-351, April.
- Crafts, Nicholas, 2003. "Steam as a general purpose technology: a growth accounting perspective," Economic History Working Papers 22354, London School of Economics and Political Science, Department of Economic History.
- Robert J. Gordon, 2000.
"Does the "New Economy" Measure Up to the Great Inventions of the Past?,"
Journal of Economic Perspectives, American Economic Association, vol. 14(4), pages 49-74, Fall.
- Gordon, Robert J., 2000. "Does the 'New Economy' Measure up to the Great Inventions of the Past?," CEPR Discussion Papers 2607, C.E.P.R. Discussion Papers.
- Robert J. Gordon, 2000. "Does the "New Economy" Measure up to the Great Inventions of the Past?," NBER Working Papers 7833, National Bureau of Economic Research, Inc.
- Edquist, Harald, 2005.
"The Swedish ICT miracle -- myth or reality?,"
Information Economics and Policy, Elsevier, vol. 17(3), pages 275-301, July.
- Edquist, Harald, 2004. "The Swedish ICT miracle: myth or reality?," GGDC Research Memorandum 200472, Groningen Growth and Development Centre, University of Groningen.
- Edquist, Harald, 2004. "The Swedish ICT Miracle - Myth or Reality," SSE/EFI Working Paper Series in Economics and Finance 556, Stockholm School of Economics, revised 29 Mar 2004.
- Harald Edquist & Magnus Henrekson, 2006.
"Technological Breakthroughs and Productivity Growth,"
Research in Economic History, in: Research in Economic History, pages 1-53,
Emerald Group Publishing Limited.
- Edquist, Harald & Henrekson, Magnus, 2004. "Technological Breakthroughs and Productivity Growth," SSE/EFI Working Paper Series in Economics and Finance 0562, Stockholm School of Economics, revised 23 Jan 2006.
- Henrekson, Magnus & Edquist, Harald, 2006. "Technological Breakthroughs and Productivity Growth," Working Paper Series 665, Research Institute of Industrial Economics.
- Harald Edquist & Magnus Henrekson, 2005. "Technological breakthroughs and productivity growth," Working Papers 5024, Economic History Society.
- Rosen, Sherwin, 1974. "Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition," Journal of Political Economy, University of Chicago Press, vol. 82(1), pages 34-55, Jan.-Feb..
- Frederick V. Waugh, 1928. "Quality Factors Influencing Vegetable Prices," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 10(2), pages 185-196.
- Devine, Warren D., 1983. "From Shafts to Wires: Historical Perspective on Electrification," The Journal of Economic History, Cambridge University Press, vol. 43(2), pages 347-372, June.
- John W. Kendrick, 1961. "Productivity Trends in the United States," NBER Books, National Bureau of Economic Research, Inc, number kend61-1, October.
- David, Paul A., 1989.
"COMPUTER AND DYNAMO: The Modern Productivity Paradox in a Not-Too Distant Mirror,"
Economic Research Papers
268373, University of Warwick - Department of Economics.
- David, P.A., 1989. "Computer And Dynamo: The Modern Productivity Paradox In A Not-Too Distant Mirror," The Warwick Economics Research Paper Series (TWERPS) 339, University of Warwick, Department of Economics.
- David, Paul A, 1990. "The Dynamo and the Computer: An Historical Perspective on the Modern Productivity Paradox," American Economic Review, American Economic Association, vol. 80(2), pages 355-361, May.
- Ernst R. Berndt & Neal J. Rappaport, 2001. "Price and Quality of Desktop and Mobile Personal Computers: A Quarter-Century Historical Overview," American Economic Review, American Economic Association, vol. 91(2), pages 268-273, May.
- Jack Triplett, 2004. "Handbook on Hedonic Indexes and Quality Adjustments in Price Indexes: Special Application to Information Technology Products," OECD Science, Technology and Industry Working Papers 2004/9, OECD Publishing.
- Nicholas Crafts, 2004.
"Steam as a general purpose technology: A growth accounting perspective,"
Economic Journal, Royal Economic Society, vol. 114(495), pages 338-351, April.
- Crafts, Nicholas, 2003. "Steam as a general purpose technology: a growth accounting perspective," Economic History Working Papers 22354, London School of Economics and Political Science, Department of Economic History.
- Crafts, Nicholas, 2003. "Steam as a general purpose technology: a growth accounting perspective," LSE Research Online Documents on Economics 22354, London School of Economics and Political Science, LSE Library.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Svante Prado, 2014. "Yeast or mushrooms? Productivity patterns across Swedish manufacturing industries, 1869–1912," Economic History Review, Economic History Society, vol. 67(2), pages 382-408, May.
- Nicholas Crafts, 2012.
"Economic History Matters,"
Economic History of Developing Regions, Taylor & Francis Journals, vol. 27(S1), pages 3-15.
- Crafts, Nicholas, 2011. "Economic History Matters," CAGE Online Working Paper Series 58, Competitive Advantage in the Global Economy (CAGE).
- Nicholas Crafts & Pieter Woltjer, 2021. "Growth Accounting In Economic History: Findings, Lessons And New Directions," Journal of Economic Surveys, Wiley Blackwell, vol. 35(3), pages 670-696, July.
- Crafts, Nicholas, 2012.
"Western Europe's Growth Prospects: an Historical Perspective,"
CEPR Discussion Papers
8827, C.E.P.R. Discussion Papers.
- Crafts, Nicholas, 2012. "Western Europe’s Growth Prospects: an Historical Perspective," CAGE Online Working Paper Series 71, Competitive Advantage in the Global Economy (CAGE).
- Crafts, Nicholas & O’Rourke, Kevin Hjortshøj, 2014. "Twentieth Century Growth*This research has received funding from the European Research Council under the European Union’s Seventh Framework Programme (FP7/2007-2013) / ERC grant agreement no. 249546.," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 2, chapter 6, pages 263-346, Elsevier.
- Crafts, Nicholas, 2014. "Productivity Growth during the British Industrial Revolution: Revisionism Revisited," CAGE Online Working Paper Series 204, Competitive Advantage in the Global Economy (CAGE).
- Crafts, Nicholas & O'Rourke, Kevin, 2013.
"Twentieth Century Growth,"
CEPR Discussion Papers
9633, C.E.P.R. Discussion Papers.
- Crafts, Nicholas & O’Rourke Hjortshøj, Kevin, 2013. "Twentieth Century Growth," CAGE Online Working Paper Series 153, Competitive Advantage in the Global Economy (CAGE).
- Kevin Hjortshøj O'Rourke & Nicholas Crafts, 2013. "Twentieth Century Growth," Oxford Economic and Social History Working Papers _117, University of Oxford, Department of Economics.
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.- Edquist, Harald, 2005. "Do hedonic price indexes change history? The case of electrification," SSE/EFI Working Paper Series in Economics and Finance 586, Stockholm School of Economics, revised 29 Apr 2005.
- Harald Edquist & Magnus Henrekson, 2006.
"Technological Breakthroughs and Productivity Growth,"
Research in Economic History, in: Research in Economic History, pages 1-53,
Emerald Group Publishing Limited.
- Edquist, Harald & Henrekson, Magnus, 2004. "Technological Breakthroughs and Productivity Growth," SSE/EFI Working Paper Series in Economics and Finance 0562, Stockholm School of Economics, revised 23 Jan 2006.
- Henrekson, Magnus & Edquist, Harald, 2006. "Technological Breakthroughs and Productivity Growth," Working Paper Series 665, Research Institute of Industrial Economics.
- Harald Edquist & Magnus Henrekson, 2005. "Technological breakthroughs and productivity growth," Working Papers 5024, Economic History Society.
- Svante Prado, 2014. "Yeast or mushrooms? Productivity patterns across Swedish manufacturing industries, 1869–1912," Economic History Review, Economic History Society, vol. 67(2), pages 382-408, May.
- Crafts, Nicholas, 2002. "The Solow Productivity Paradox in Historical Perspective," CEPR Discussion Papers 3142, C.E.P.R. Discussion Papers.
- Kemeny, Tom & Petralia, Sergio & Storper, Michael, 2022.
"Disruptive innovation and spatial inequality,"
LSE Research Online Documents on Economics
115953, London School of Economics and Political Science, LSE Library.
- Tom Kemeny & Sergio Petralia & Michael Storper, 2022. "Disruptive innovation and spatial inequality," Papers in Evolutionary Economic Geography (PEEG) 2211, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Jul 2022.
- van Ark, Bart & Smits, Jan Pieter, 2005. "Technology Regimes and Productivity Growth in Europe and the United States: A Comparative and Historical Perspective," Institute of European Studies, Working Paper Series qt1td1h23k, Institute of European Studies, UC Berkeley.
- Jovanovic, Boyan & Rousseau, Peter L., 2005.
"General Purpose Technologies,"
Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 18, pages 1181-1224,
Elsevier.
- Peter L. Rousseau & Boyan Jovanovic, 2004. "General Purpose Technologies," 2004 Meeting Papers 103, Society for Economic Dynamics.
- Boyan Jovanovic & Peter L. Rousseau, 2005. "General Purpose Technologies," NBER Working Papers 11093, National Bureau of Economic Research, Inc.
- Shih-tse Lo & Dhanoos Sutthiphisal, 2008. "Crossover Inventions And Knowledge Diffusion Of General Purpose Technologies? Evidence From The Electrical Technology," NBER Working Papers 14043, National Bureau of Economic Research, Inc.
- Paul A. David, 2005. "Productivity growth prospects and the new economy in historical perspective," Economic History 0502005, University Library of Munich, Germany.
- Jalava, Jukka & Pohjola, Matti, 2008. "The roles of electricity and ICT in economic growth: Case Finland," Explorations in Economic History, Elsevier, vol. 45(3), pages 270-287, July.
- Clifford Bekar & Kenneth Carlaw & Richard Lipsey, 2018.
"General purpose technologies in theory, application and controversy: a review,"
Journal of Evolutionary Economics, Springer, vol. 28(5), pages 1005-1033, December.
- Clifford Bekar & Kenneth Carlaw & Richard Lipsey, 2016. "General Purpose Technologies in Theory, Applications and Controversy: A Review," Discussion Papers dp16-15, Department of Economics, Simon Fraser University.
- Ajay Agrawal & Joshua Gans & Avi Goldfarb, 2019.
"Economic Policy for Artificial Intelligence,"
Innovation Policy and the Economy, University of Chicago Press, vol. 19(1), pages 139-159.
- Ajay Agrawal & Joshua Gans & Avi Goldfarb, 2018. "Economic Policy for Artificial Intelligence," NBER Chapters, in: Innovation Policy and the Economy, Volume 19, pages 139-159, National Bureau of Economic Research, Inc.
- Ajay K. Agrawal & Joshua S. Gans & Avi Goldfarb, 2018. "Economic Policy for Artificial Intelligence," NBER Working Papers 24690, National Bureau of Economic Research, Inc.
- Avi Goldfarb & Joshua Gans & Ajay Agrawal, 2018. "Economic Policy for Artificial Intelligence," Working Papers id:12798, eSocialSciences.
- Ajay K. Agrawal & Joshua S. Gans & Avi Goldfarb, 2018. "Economic Policy for Artificial Intelligence," Working Papers id:12823, eSocialSciences.
- Koutroumpis, Pantelis & Leiponen, Aija & Thomas, Llewellyn D W, 2017. "Invention Machines: How Control Instruments and Information Technologies Drove Global Technologigal Progress over a Century of Invention," ETLA Working Papers 52, The Research Institute of the Finnish Economy.
- Kenneth Carlaw & Richard Lipsey, 2011. "Sustained endogenous growth driven by structured and evolving general purpose technologies," Journal of Evolutionary Economics, Springer, vol. 21(4), pages 563-593, October.
- Paul David & Gavin Wright, 1999.
"Early Twentieth Century Productivity Growth Dynamics: An Inquiry into the Economic History of Our Ignorance,"
Oxford Economic and Social History Working Papers
_033, University of Oxford, Department of Economics.
- Paul A. David & Gavin Wright, 2005. "Early Twentieth Century Productivity Growth Dynamics: An Inquiry into the Economic History of “Our Ignorance”," Macroeconomics 0502023, University Library of Munich, Germany.
- Kopytov, Alexandr & Roussanov, Nikolai & Taschereau-Dumouchel, Mathieu, 2018.
"Short-run pain, long-run gain? Recessions and technological transformation,"
Journal of Monetary Economics, Elsevier, vol. 97(C), pages 29-44.
- Alexandr Kopytov & Nikolai Roussanov & Mathieu Taschereau-Dumouchel, 2018. "Short-Run Pain, Long-Run Gain? Recessions and Technological Transformation," NBER Working Papers 24373, National Bureau of Economic Research, Inc.
- Oulton, Nicholas, 2012.
"Long term implications of the ICT revolution: Applying the lessons of growth theory and growth accounting,"
Economic Modelling, Elsevier, vol. 29(5), pages 1722-1736.
- Oulton, Nicholas, 2010. "Long term implications of the ICT revolution: applying the lessons of growth theory and growth accounting," LSE Research Online Documents on Economics 49303, London School of Economics and Political Science, LSE Library.
- Nicholas Oulton, 2010. "Long Term Implications of the ICT Revolution: Applying the Lessons of Growth Theory and Growth Accounting," CEP Discussion Papers dp1027, Centre for Economic Performance, LSE.
- Kemnitz, Alexander & Knoblach, Michael, 2020. "Endogenous sigma-augmenting technological change: An R&D-based approach," CEPIE Working Papers 02/20, Technische Universität Dresden, Center of Public and International Economics (CEPIE).
- Benjamin David, 2014. "On the information and communication technologies - productivity nexus: a long-lasting adjustment period," EconomiX Working Papers 2014-60, University of Paris Nanterre, EconomiX.
- Pearson, Peter J.G. & Foxon, Timothy J., 2012. "A low carbon industrial revolution? Insights and challenges from past technological and economic transformations," Energy Policy, Elsevier, vol. 50(C), pages 117-127.
More about this item
Keywords
Hedonic Price Index; Electric Motor; Productivity Growth; Electrification; ICT Revolution; Productivity Growth; General Purpose Technologies;All these keywords.
JEL classification:
- L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
- N60 - Economic History - - Manufacturing and Construction - - - General, International, or Comparative
- O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
- O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
- O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
- O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
NEP fields
This paper has been announced in the following NEP Reports:- NEP-EFF-2008-04-29 (Efficiency and Productivity)
Statistics
Access and download statisticsCorrections
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:hhs:iuiwop:0742. See general information about how to correct material in RePEc.
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: Elisabeth Gustafsson (email available below). General contact details of provider: https://edirc.repec.org/data/iuiiise.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.