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New Evidence on Durable Goods Biased Technological Change

Author

Listed:
  • Susanto Basu
  • John Fernald

Abstract

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.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Susanto Basu & John Fernald, 2005. "New Evidence on Durable Goods Biased Technological Change," 2005 Meeting Papers 695, Society for Economic Dynamics.
    • Handle: RePEc:red:sed005:695
    as

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    Keywords

    Technological Change; Multisector Growth Models; Embodied technology;
    All these keywords.

    JEL classification:

    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • 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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