Sources of growth, input structure and technical progress in American high-technology: a business cycle analysis

Research output: Contribution to conferencePaper

Abstract

The high-technology sector for the period of 1967-1982 has three special features determined in terms of (a) the sources of its output growth, (b) the substitution possibilities among its resources inputs and (c) the nature of bias of its technical change. A conventional growth equation is exploited to study the output growth as well as its decomposed sources. A dual translog cost function modelling high-technology production is estimated to evaluate substitution possibilities and technical change bias. Finally, the substitution elasticities and coefficients of technical change are derived by manipulating the estimates of the translog cost function.

Original languageEnglish
Pages415-420
Number of pages6
StatePublished - 1 Dec 1994
EventProceedings of the IEEE 1994 International Engineering Management Conference - Dayton North, KY, USA
Duration: 17 Oct 199419 Oct 1994

Other

OtherProceedings of the IEEE 1994 International Engineering Management Conference
CityDayton North, KY, USA
Period17/10/9419/10/94

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    Chakraborty, C. (1994). Sources of growth, input structure and technical progress in American high-technology: a business cycle analysis. 415-420. Paper presented at Proceedings of the IEEE 1994 International Engineering Management Conference, Dayton North, KY, USA, .