A double calibration approach to the estimation of technological change

This paper suggests a new methodology for evaluating technological change in a multi-sector general equilibrium framework. The double calibration technique was applied to an ex post decomposition analysis of technological change between two periods, enabling a distinction to be made between price-induced and factor-biased technological changes for each sector. The method is applied to an empirical case--the oil crises in Japan between 1970 and 1980.

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Year of publication:	2009
Authors:	Okushima, Shinichiro ; Tamura, Makoto
Published in:	Journal of Policy Modeling. - Elsevier, ISSN 0161-8938. - Vol. 31.2009, 1, p. 119-125
Publisher:	Elsevier
Keywords:	Calibration General equilibrium model Technological change

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005384137