Shifting the Bias: How to Disentangle Creative Adoption from Radical Innovation. Empirical Evidence from Italy and the US
The standard measures of total factor productivity growth assume the neutrality of technological change. When technological change is biased, the matching between tbc factor intensity and the relative factor prices has powerful effects on total factor productivity. This paper presents a novel methodology able to take into account the effects of biased technological change and provides empirical evidence for tbc Italian and tbc US economies in the period 1980-2000.
|Date of creation:||Mar 2007|
|Contact details of provider:|| Web page: http://www.unito.it/|
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- Francesco Quatraro, 2007. "Change vs. decline: A comparative analysis of the evolution of TFP in Italian regions, with a particular attention to the case of Turin," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 54(1), pages 86-105, March. Full references (including those not matched with items on IDEAS)
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