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New Developments in Productivity Analysis$
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Charles R. Hulten, Edwin R. Dean, and Michael Harper

Print publication date: 2001

Print ISBN-13: 9780226360621

Published to Chicago Scholarship Online: February 2013

DOI: 10.7208/chicago/9780226360645.001.0001

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Accounting for Growth

Accounting for Growth

(p.179) 6 Accounting for Growth
New Developments in Productivity Analysis
Jeremy Greenwood, Boyan Jovanovic
University of Chicago Press

This chapter explores alternative models of productivity change. It compares the conventional model of disembodied technical change developed by Solow and by Jorgenson and Griliches with a variety of possibilities organized around the model of embodied technical change, which is extended to include learning and diffusion effects, plant heterogeneity, capital-skill complementarity, R&D, and worker-machine matching. A commentary is also included at the end of the chapter.

Keywords:   productivity change, Solow, technical change

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