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	Provedor de dados AgEcon (1) Autor Bailey, Alastair (1) Balcombe, Kelvin George (1) Irz, Xavier T. (1) Palavra-chave Biased Technological Change (1) Latent Variables (1) Research and Development/Tech Change/Emerging Technologies (1) TFP. (1) Tipo do documento Conference Paper or Presentation (1) Ano 2003 (1) País United States (1) Idioma Inglês (1)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 1 Primeira ... 1 ... Última AN APPLIATION OF THE STOCHASTIC LATENT VARIABLE APPROACH TO THE CORRECTION OF SECTOR LEVEL TFP CALCULATIONS IN THE FACE OF BIASED TECHNOLOGICAL CHANGE AgEcon Bailey, Alastair; Irz, Xavier T.; Balcombe, Kelvin George. The measurement of the impact of technical change has received significant attention within the economics literature. One popular method of quantifying this impact of technical change is the use of growth accounting index numbers. However, in a recent article Nelson and Pack (1999) criticise the use of such index numbers in situations where technical change is likely to be biased in favour of one or other inputs. In particular they criticise the common approach of applying observed factor shares as proxies for partial output elasticities to weight the change in quantities which they claim are only valid under Hicks neutrality. Recent advances in the measurement of product and factor biases of technical change developed by Balcombe et al (2000) provide a... Tipo: Conference Paper or Presentation Palavras-chave: Biased Technological Change; Latent Variables; TFP.; Research and Development/Tech Change/Emerging Technologies. Ano: 2003 URL: http://purl.umn.edu/25842 Registros recuperados: 1 Primeira ... 1 ... Última

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