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Hard-to-Measure Goods and Services
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Hard-to-Measure Goods and Services: Essays in Honor of Zvi Griliches

Ernst R. Berndt and Charles R. Hulten

Abstract

The celebrated economist Zvi Griliches's entire career can be viewed as an attempt to advance the cause of accuracy in economic measurement. His interest in the causes and consequences of technical progress led to his pathbreaking work on price hedonics, now the principal analytical technique available to account for changes in product quality. This book, a collection of papers from a National Bureau of Economic Research (NBER) conference held in Griliches's honor, is a tribute to his many contributions to current economic thought. Here, scholars of economic measurement address issues in the a ... More

Keywords: Zvi Griliches, accuracy, economic measurement, technical progress, price hedonics, product quality, NBER conference, new technologies, productivity, capital measurement

Bibliographic Information

Print publication date: 2007 Print ISBN-13: 9780226044491
Published to Chicago Scholarship Online: February 2013 DOI:10.7208/chicago/9780226044507.001.0001

Authors

Affiliations are at time of print publication.

Ernst R. Berndt, editor

Charles R. Hulten, editor

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Contents

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Front Matter

Title Pages

[UNTITLED]

National Bureau of Economic Research

Relation of the Directors to the Work and Publications of the National Bureau of Economic Research

Prefatory Note

Acknowledgments

I Context and Prologue

Introduction

Ernst R. Berndt and Charles R. Hulten

1 Theory and Measurement

Charles R. Hulten

II Classic Input Measurement Issues Revisited

2 Production Function and Wage Equation Estimation with Heterogeneous Labor

Judith K. Hellerstein and David Neumark

3 Where Does the Time Go?

Harley Frazis and Jay Stewart

4 Technology and the Theory of Vintage Aggregation

Michael J. Harper

5 Why Do Computers Depreciate?

Michael J. Geske, Valerie A. Ramey, and Matthew D. Shapiro

III Quality Adjustment and Price Measurement Issues Recent Developments

6 Downward Bias in the Most Important CPI Component: The Case of Rental Shelter, 1914–2003

Robert J. Gordon and Todd vanGoethem

7 Pricing at the On-Ramp to the Internet

Greg Stranger and Shane Greenstein

8 Different Approaches to Estimating Hedonic Indexes

Saeed Heravi and Mick Silver

9 Price Indexes for Microsoft's Personal Computer Software Products

Jaison R. Abel, Ernst R. Berndt, and Alan G. White

10 International Comparisons of R&D Expenditure

Sean M. Dougherty, Robert Inklaar, Robert H. McGuckin, and Bart van Ark

IV Information Technology and the Acceleration of Productivity Growth

11 Information Technology and the G7 Economies

Dale W. Jorgenson

12 The Role of Semiconductor Inputs in IT Hardware Price Decline

Ana Aizcorbe, Kenneth Flamm, and Anjum Khurshid

13 Computer Input, Computer Networks, and Productivity

B. K. Atrostic and Sang Nguyen

V Measuring and Modeling Productivity, Consumption, and Diffusion

14 Services Productivity in the United States: Griliches's Services Volume Revisited

Barry P. Bosworth and Jack E. Triplett

15 A Consistent Accounting of U.S. Productivity Growth

Eric J. Bartelsman and J. Joseph Beaulieu

16 Should Exact Index Numbers Have Standard Errors?

Robert C. Feenstra and Marshall B. Reinsdorf

17 What Really Happened to Consumption Inequality in the United States?

Orazio Attanasio, Erich Battistin, and Hidehiko Ichimura

18 Technology Adoption from Hybrid Corn to Beta-Blockers

Jonathan Skinner and Douglas Staiger

VI Epilogue

19 Zvi Griliches's Contributions to Economic Measurement

Jack E. Triplett

End Matter

Contributors

Author Index

Subject Index