Endogenous technical advance and the stochastic trend in output: A neoclassical approach

Research Policy

Volumn 34, Issue 10, 2005, Pages 1476-1490

  Reikard, Gordon ^a  

^a Sprint Telecommunications   (United States)

Author keywords

Econometric models; Production function; Research and development; Stochastic trends; Technical advance

Indexed keywords

COMPUTER SIMULATION; MATHEMATICAL MODELS; RANDOM PROCESSES; RESEARCH AND DEVELOPMENT MANAGEMENT;

ECONOMETRIC MODELS; PRODUCTION FUNCTION; STOCHASTIC TRENDS; TECHNICAL ADVANCE;

GROWTH KINETICS;

EID: 28044471389     PISSN: 00487333     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.respol.2005.06.002     Document Type: Article

References (50)

1. P. Aghion, and P. Howitt A model of growth through creative destruction Econometrica 60 1992 323 351
2. H. Akaike Information theory and the extension of the maximum likelihood principle B.N. Petrov F. Csaki Second International Symposium on Information Theory 1973 Akademiai Kiado Budapest 267 281
3. M. Baxter, and R. King Measuring business cycles: approximate band-pass filters for economic time series Review of Economics and Statistics 81 1995 575 593
4. E.R. Berndt, and L.R. Christensen The translog function and the substitution of equipment, structures and labor in U.S. manufacturing, 1929-1968 Journal of Econometrics 1 1973 81 114
5. Bernstein, J., Nadiri, M.I., 1991. Product demand, cost of production, spillovers, and the social rate of return to R&D. National Bureau of Economic Research working paper #3625.
6. Boskin, M.J., Lau, L.J., 1990. Postwar economic growth in the Group-of-Five countries: A new analysis. Technical paper #217, Stanford University Center for Economic Policy Research, Stanford, CA.
7. E. Brynjolfsson, and C.F. Kemerer Network externalities in microcomputer software: an econometric analysis of the spreadsheet market Management Science 42 1996 1627 1647
8. E. Brynjolfsson, and S. Yang Information technology and productivity: a review of the literature Advances in Computing 43 1996 179 214
9. Bureau of Economic Analysis Fixed Reproducible Tangible Wealth in the United States, 1925-1999 2000 U.S. Department of Commerce Washington, DC
10. Bureau of Labor Statistics Revisions to Capital Inputs for the BLS Multifactor Productivity Measures 2001 Bureau of Labor Statistics Washington, DC
11. Bureau of Labor Statistics, 1989. The Impact of Research and Development on Productivity Growth. Bureau of Labor Statistics Bulletin 2331. Washington DC.
12. F.A.G. den Butter, and F.J. Wollmer An empirical model for endogenous technology in the Netherlands Economic Modelling 1 1996 15 40
13. R.J. Caballero Small sample bias and adjustment costs Review of Economics and Statistics 76 1994 52 58
14. L.R. Christensen, D.W. Jorgenson, and L.J. Lau Transcendental logarithmic production frontiers Review of Economics and Statistics 1 1973 28 45
15. L.J. Christiano Searching for a break in GNP Journal of Business and Economic Statistics 10 1992 237 250
16. Comin, D., Gertler, M., 2003. Medium-term business cycles. Manuscript, New York University.
17. O. Eckstein The DRI Model of the U.S. Economy 1983 McGraw Hill New York
18. G. Evans, S. Honkapohja, and P. Romer Growth cycles American Economic Review 88 1998 495 515
19. Gartner Group, 2001. Installed base, replacement, and penetration rates of personal computers in Asia-Pacific. Gartner Group Report.
20. J. Geweke, and S. Porter-Hudak The estimation and application of long-memory time series models Journal of Time Series Analysis 4 1983 221 238
21. Z. Griliches R&D and Productivity: The Econometric Evidence 1998 University of Chicago Press Chicago, IL
22. Z. Griliches, B.H. Hall, and A. Pakes R&D, patents and market value revisited: is there a second (technological opportunity) factor? Economics of Innovation and New Technology 1 1991 183 202
23. R.E. Hall, and D.W. Jorgenson Tax policy and investment behavior American Economic Review 57 1967 391 414
24. B. Hall R&D tax policy in the 1990s: success or failure? J. Poterba Tax Policy and the Economy. National Bureau of Economic Research Volumes on Taxation vol. 7 1993 MIT Press Cambridge, MA 1 35
25. Harvey, A.C., 1989. Forecasting, Structural Time Series Models and the Kalman Filter. Cambridge University Press, Cambridge.
26. A.C. Harvey, and A. Jaeger Detrending, stylized facts and the business cycle Journal of Applied Econometrics 8 1993 231 247
27. C. Hodrick, and E. Prescott Postwar business cycles: an empirical investigation Journal of Money, Credit and Banking 29 1997 1 16
28. J. Jankowski Do we need a price index for industrial R&D? Research Policy 22 1993 195 205
29. S. Jaffe A price index for deflation of academic R&D expenditures National Science Foundation Paper 1972 72 310
30. L.E. Jones, and R.E. Manuelli A convex model of equilibrium growth: Theory and policy implications Journal of Political Economy 95 1990 1008 1038
31. D.W. Jorgenson The embodiment hypothesis Journal of Political Economy 74 1966 1 17
32. D.W. Jorgenson, and K.J. Stiroh Computers and growth Economics of Innovation and New Technology 3 1995 295 316
33. D.W. Jorgenson, and K.J. Stiroh Raising the speed limit: U.S. economic growth in the information age Brookings Papers on Economic Activity 2000 125 212
34. R.E. Kalman A new approach to linear filtering and prediction problems, transactions of the American society of mechanical engineers Journal of Basic Engineering 83 1960 35 45
35. F.R. Lichtenberg, and D. Siegel The impact of R&D investment on productivity: new evidence using linked R&D and LRD Data Economic Inquiry 29 1991 203 228
36. F.R. Lichtenberg The output contributions of computer equipment and personnel: a firm-level analysis Economics of Innovation and New Technology 3 1995 207 217
37. C.J. Morrison, and D. Siegel External capital factors and increasing returns in U.S. manufacturing Review of Economics and Statistics 79 1997 647 654
38. P.M. Romer Increasing returns and long-run growth Journal of Political Economy 94 1986 1002 1037
39. P.M. Romer Growth based on increasing returns due to specialization American Economic Review 77 1987 56 62
40. P.M. Romer Endogenous technological advance Journal of Political Economy 98 1990 S71 S102
41. P.M. Romer Idea gaps and object gaps in economic development Journal of Monetary Economics 32 1993 543 573
42. N. Sadee Computer Prices in the National Accounts: an Update from the Comprehensive Revision 1996 U.S. Department of Commerce Washington, DC
43. D. Schertzer, S. Lovejoy, F. Schmitt, F. Chigirinskaya, and Y.D. Marsan Multifractal cascade dynamics and turbulent intermittency Fractals 5 1997 427 471
44. G. Schwarz Estimating the dimension of a model Annals of Statistics 6 1978 461 464
45. D.E. Sichel The Computer Revolution: an Economic Perspective 1997 Brookings Institution Washington, DC
46. R.M. Solow Technical change and the aggregate production function Review of Economics and Statistics 39 1957 312 320
47. R.M. Solow Investment and Technical Change K.J. Arrow Mathematical Models in the Social Sciences 1969 Stanford University Press Palo Alto, CA
48. C.S. Struckmeyer The impact of energy price shocks on capital formation and economic growth in a putty-clay technology Southern Economic Journal 53 1986 127 140
49. B. Verspagen Endogenous innovation in neo-classical growth models Journal of Macroeconomics 14 1995 631 662
50. K. Whelan Computers, obsolescence and productivity Review of Economics and Statistics 84 2002 445 461