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La décomposition des biais de progrès technique est-elle réalisable avec une fonction production Cobb-Douglas?
["Is the decomposition of the technical biased progress realizable with a Cobb-Douglas production function?]

Author

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  • Daw, Georges

Abstract

The neo-classic exercise of growth economic accounting for a given country leads to a quantified diagnosis of the characteristics (capital, work, total productivity of the factors) of this growth while working with a function of Cobb-Douglas production. In the presence of biased technical progress (i.e. progress not profiting identically with all the productive factors), this function is not able to separately provide the value of each bias, which can disorientate the economic policy. In this paper, we provide theoretical and empirical details necessary in economics of technical progress and precisely on the subject of the technical biased progress. We show then exhaustively and pedagogically why the Cobb-Douglas function does not allow a separate identification of these bias and is condemned to gather them within the Solow residual.

Suggested Citation

  • Daw, Georges, 2013. "La décomposition des biais de progrès technique est-elle réalisable avec une fonction production Cobb-Douglas? ["Is the decomposition of the technical biased progress realizable with a Cobb-Douglas production function?]," MPRA Paper 130676, University Library of Munich, Germany, revised 2013.
    • Handle: RePEc:pra:mprapa:130676
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    References listed on IDEAS

    as
    1. R. Sato & M. J. Beckmann, 1968. "Neutral Inventions and Production Functions," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 35(1), pages 1-2.
    2. Robert M. Solow, 1956. "A Contribution to the Theory of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 70(1), pages 65-94.
    3. François Perroux, 1967. "Note sur les énoncés successifs de la fonction de production," Revue Tiers Monde, Programme National Persée, vol. 8(31), pages 679-684.
    4. Thomas Piketty & Emmanuel Saez, 2001. "Income Inequality in the United States, 1913-1998 (series updated to 2000 available)," NBER Working Papers 8467, National Bureau of Economic Research, Inc.
    5. R. Sato & M. Beckmann, 1968. "Neutral Inventions and Production Functions: an Addendum," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 35(3), pages 366-366.
    6. Sato, Ryuzo, 1970. "The Estimation of Biased Technical Progress and the Production Function," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 11(2), pages 179-208, June.
    7. Piketty, Thomas, 2001. "Income Inequality in France 1901-98," CEPR Discussion Papers 2876, Centre for Economic Policy Research.
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    Keywords

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    JEL classification:

    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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