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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

Chapter:
(p.179) 6 Accounting for Growth
Source:
New Developments in Productivity Analysis
Author(s):
Jeremy Greenwood, Boyan Jovanovic
Publisher:
University of Chicago Press
DOI:10.7208/chicago/9780226360645.003.0006

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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