Investment-Specific Technology Growth: Concepts and Recent Estimates (ICPSR 1273)

Version Date: Apr 18, 2003

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Principal Investigator(s):
Michael R. Pakko, Federal Reserve Bank of St. Louis

https://doi.org/10.3886/ICPSR01273.v1

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Summary

The strength of United States productivity growth in recent years has been attributed to technological improvements that are, in some sense, embodied in new types of capital equipment. However, traditional growth theory and growth accounting techniques -- which emphasize the role of disembodied, neutral technological progress -- are deficient in explaining this phenomenon. In this article, the author outlines a model of investment-specific technological change that has become popular for describing the notion of capital-embodied growth and summarizes some recent estimates of the importance of this type of technological progress for assessing United States productivity trends.

Citation

Pakko, Michael R. Investment-Specific Technology Growth:  Concepts and Recent Estimates. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2003-04-18. https://doi.org/10.3886/ICPSR01273.v1

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Distributor(s)

Inter-university Consortium for Political and Social Research
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Data Collection Notes

  1. (1) The file submitted is the data file, 0211mpd.xls. (2) These data are part of ICPSR's Publication-Related Archive and are distributed exactly as they arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigator(s) if further information is desired.

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Original Release Date

2003-04-18

Version History

2018-02-15 The citation of this study may have changed due to the new version control system that has been implemented. The previous citation was:
  • Pakko, Michael R. Investment-Specific Technology Growth: Concepts and Recent Estimates. ICPSR01273-v1. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2003-04-18. http://doi.org/10.3886/ICPSR01273.v1
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Notes

  • These data are flagged as replication datasets and are distributed exactly as they arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigator(s) if further information is desired.

  • The public-use data files in this collection are available for access by the general public. Access does not require affiliation with an ICPSR member institution.