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Productivity and technical change according to Salter – A note

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  • Amavilah, Voxi Heinrich

Abstract

Salter’s simple and clear explanation of productivity and how it relates to technical change has anchored many elaborate and fancy growth and change analyses. Unfortunately many of these elaborations do not even reference Salter. They should. This note shows that some old ideas are like wine which gets better with age.

Suggested Citation

  • Amavilah, Voxi Heinrich, 2015. "Productivity and technical change according to Salter – A note," MPRA Paper 66293, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:66293
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    References listed on IDEAS

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    1. Nemoto, Jiro & Goto, Mika, 2005. "Productivity, efficiency, scale economies and technical change: A new decomposition analysis of TFP applied to the Japanese prefectures," Journal of the Japanese and International Economies, Elsevier, vol. 19(4), pages 617-634, December.
    2. Arrow, Kenneth J, 1969. "Classificatory Notes on the Production and Transmission of Technological Knowledge," American Economic Review, American Economic Association, vol. 59(2), pages 29-35, May.
    3. Daron Acemoglu, 2002. "Directed Technical Change," Review of Economic Studies, Oxford University Press, vol. 69(4), pages 781-809.
    4. Voxi Heinrich S Amavilah & Richard T. Newcomb, 2004. "Economic Growth and the Financial Economics of Capital Accumulation under Shifting Technological Change," GE, Growth, Math methods 0404001, University Library of Munich, Germany.
    5. John W. Kendrick, 1973. "Postwar Productivity Trends in the United States, 1948–1969," NBER Books, National Bureau of Economic Research, Inc, number kend73-1.
    6. Nadiri, M Ishaq & Schankerman, M A, 1981. "Technical Change, Returns to Scale, and the Productivity Slowdown," American Economic Review, American Economic Association, vol. 71(2), pages 314-319, May.
    7. Kenneth J. Arrow, 1962. "The Economic Implications of Learning by Doing," Review of Economic Studies, Oxford University Press, vol. 29(3), pages 155-173.
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    More about this item

    Keywords

    Salter and productivity; Salter and technical change; productivity and technical change;
    All these keywords.

    JEL classification:

    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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