IDEAS home Printed from https://ideas.repec.org/p/sfu/sfudps/dp98-11.html
   My bibliography  Save this paper

Capital-Embodied Technological Change, Measurement Errors and Real Business Cycles

Author

Listed:
  • Kosempel, S.

Abstract

Capital-embodied technological change is incorporated into a real business cycle (RBC) model, and some macroeconomic implications associated with errors in measurement are identified. In the model, measuremente errors arise in part because quality change is difficult to observe, and in part because of unexpected obsolescence due to changes in ten=chnology. The artificial economy outlined in this paper performs well, in terms of its ability to explain stylized facts of business cycles, as identified by the statistician. In particular, the model predicts a negative correlation between hours worked and the average priduct of labor.

Suggested Citation

  • Kosempel, S., 1998. "Capital-Embodied Technological Change, Measurement Errors and Real Business Cycles," Discussion Papers dp98-11, Department of Economics, Simon Fraser University.
  • Handle: RePEc:sfu:sfudps:dp98-11
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Keywords

    BUSINESS CYCLES ; ENTERPRISES ; TECHNOLOGICAL CHANGE ; CAPITAL;

    JEL classification:

    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • D92 - Microeconomics - - Micro-Based Behavioral Economics - - - Intertemporal Firm Choice, Investment, Capacity, and Financing
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

    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:sfu:sfudps:dp98-11. 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: (Working Paper Coordinator). General contact details of provider: http://edirc.repec.org/data/desfuca.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.

    We have no references for this item. You can help adding them by using 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.

    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.