Technology and Capital Formation

摘要: Capital formation is the most important source of economic growth, and investment in new capital interacts key ways with diffusion technology. The contributions this book bring a wealth detailed empirical data an unusually wide range perspectives - from universities, government, business to bear on exploration interrelationship; they focus, particular, role production process. Grouped into three broad categories, take up rate technological advance computers, relative efficiency old goods, translation productive inputs private government sectors U.S. economy.Dale W. Jorgenson looks at previous research explain controversy that began 1960s regarding as factor production. Computer prices are examined extensively great detail two studies by Ellen Dulberger Robert Gordon, while Jack Triplett discusses engineering literature subject. Empirical Charles Hulten, James Robertson, Frank Wykoff disproves hypothesis deterioration older goods result 1970s energy crisis explains subsequent slowdown growth. offers particularly rich study depreciation leased automobiles.Other contributors subjects include Paul Pieper state construction price statistics; Michael Harper, Ernst Berndt, David Wood alternative approaches measuring return; John Strong market value debt claims financial markets; Dianne Laurits Christensen, Carl Degen Philip Schoech Postal Service; Boskin, Marc Robinson Roberts estimating federal net investment; Ralph Landau interrelationship technology formation.Dale Frederick Eaton Abbe Professor Economics Harvard University. Consulting Stanford University, Fellow Faculty Kennedy School Government