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41 views

Can technical change have a negative growth rate?

Using the following nested CES function I have backed out augmentation indices $A_L$ and $A_E$. Where $A_L$ is a labour-augmenting technical change index and $A_E$ is an energy-augmenting technical ...
2
votes
0answers
42 views

How to pin down the bias and its/their sources in derived technical change indices?

Using the following CES function I backed out factor-augmenting indices $A_1$ and $A_2$ using OECD country level macro data. This process is akin to Solow's (1956) method for deriving technology ...
3
votes
1answer
144 views

Industrial Revolution: Induced technical change and factor shares

I have been reading about various explanations for the British industrial revolution. A strand of research lead by Allen (2009) tries to provide an incentives based explanation whereby high wage and ...
2
votes
1answer
32 views

Energy saving technology and energy service price

I want to assess the effects of energy saving technologies on output growth using time series data. My work would benefit from time series data on patents for energy saving innovations, but this is ...
0
votes
2answers
70 views

Books on Technological Progress and Growth

I've done some google search for good, reader friendly albeit technical, books on technological progress/change and economic growth. However, I've not found what I want. If you are using or have heard ...
0
votes
1answer
52 views

Directed technical change, Acemoglu (2002) framework - trying to understand how an equation is derived

You may have read Acemoglu (2002) on the topic of directed technical change. I am reading a similar research paper, and I could not understand how the author derived the final equation using ...
0
votes
0answers
409 views

Capital - augmenting and energy-augmenting technical progress

I've read a number of papers on factor - augmenting technical progress and directed technical change. Authors do not note about the implications of factor - augmentation in sufficient details. Assume ...