Download Free The Aggregate Production Function And The Measurement Of Technical Change Book in PDF and EPUB Free Download. You can read online The Aggregate Production Function And The Measurement Of Technical Change and write the review.

This authoritative and stimulating book represents a fundamental critique of the aggregate production function, a concept widely used in macroeconomics.
This is another short work in the popular research area of technological change. It will be of interest to agricultural economists because three of the chapters deal explicitly with agriculture and much of the detailed concern with measurement problems utilizes agricultural data.
The productivity slowdown of the 1970s and 1980s and the resumption of productivity growth in the 1990s have provoked controversy among policymakers and researchers. Economists have been forced to reexamine fundamental questions of measurement technique. Some researchers argue that econometric approaches to productivity measurement usefully address shortcomings of the dominant index number techniques while others maintain that current productivity statistics underreport damage to the environment. In this book, the contributors propose innovative approaches to these issues. The result is a state-of-the-art exposition of contemporary productivity analysis. Charles R. Hulten is professor of economics at the University of Maryland. He has been a senior research associate at the Urban Institute and is chair of the Conference on Research in Income and Wealth of the National Bureau of Economic Research. Michael Harper is chief of the Division of Productivity Research at the Bureau of Labor Statistics. Edwin R. Dean, formerly associate commissioner for Productivity and Technology at the Bureau of Labor Statistics, is adjunct professor of economics at The George Washington University.
Our answer: Not so well. We reached that conclusion after reviewing recent research on the role of technology as a source of economic fluctuations. The bulk of the evidence suggests a limited role for aggregate technology shocks, pointing instead to demand factors as the main force behind the strong positive comovement between output and labor input measures.
Economic research monograph on the economic theory of production functions and aggregation - includes a bibliography pp. 301 to 307.