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Robust Measurement of National Techonological Progress

Zambelli, Stefano; Fredholm, Thomas and Venkatachalam, Ragupathy. 2017. Robust Measurement of National Techonological Progress. Structural Change and Economic Dynamics, 42, pp. 38-55. ISSN 0954-349X [Article]

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Abstract or Description

We propose a measure of technological progress based on the information embedded in standard input-output tables. A connection is established between the quantities necessary as inputs, the associated output and auxiliary prices. It is argued that the wage-profit frontiers and the associated production prices together provide a robust basis for measuring technological progress and productivities. The computation of the wage-profit frontiers is a non-trivial exercise because of high combinatorial complexity. An algorithm that renders this computation feasible is presented. We analyze technological progress and productivities among 30 countries between 1995-2011 using the latest multi-regional input-output data.

Item Type:

Article

Identification Number (DOI):

https://doi.org/10.1016/j.strueco.2017.05.001

Keywords:

Technological Change; Input–Output analysis; Wage Profit Frontier; Productivity

Departments, Centres and Research Units:

Institute of Management Studies

Dates:

DateEvent
10 May 2017Accepted
1 September 2017Published

Item ID:

20480

Date Deposited:

18 May 2017 09:31

Last Modified:

10 May 2019 01:26

Peer Reviewed:

Yes, this version has been peer-reviewed.

URI:

http://research.gold.ac.uk/id/eprint/20480

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