Further Model-Based Estimates of U.S. Total Manufacturing Production Capital and Technology, 1949-2005
Production capital and technology (i.e., total factor productivity) in U.S. manufacturing are fundamental for understanding output and productivity growth of the U.S. economy but are unobserved at this level of aggregation and must be estimated before being used in empirical analysis. Previously, we developed a method for estimating production capital and technology based on an estimated dynamic structural economic model and applied the method using annual SIC data for 1947-1997 to estimate production capital and technology in U.S. total manufacturing. In this paper, we update this work by reestimating the model and production capital and technology using annual SIC data for 1949-2001 and partly overlapping NAICS data for 1987-2005.
Year of publication: |
2009-09
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Authors: | Chen, Baoline ; Zadrozny, Peter A. |
Institutions: | Bureau of Labor Statistics, Department of Labor |
Keywords: | Kalman filter estimation of latent variables |
Saved in:
freely available
Extent: | application/pdf |
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Series: | |
Type of publication: | Book / Working Paper |
Language: | English |
Notes: | Number 430 31 pages |
Classification: | C50 - Econometric Modeling. General ; C81 - Methodology for Collecting, Estimating, and Organizing Microeconomic Data ; D24 - Production; Capital and Total Factor Productivity; Capacity ; L60 - Industry Studies: Manufacturing. General |
Source: |
Persistent link: https://www.econbiz.de/10008603127