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expenditures, innovation counts, and productivity figures. We find, among other things, the following: the pattern and nature of … technical change described by our indicators is, on the whole, consistent with that of other measures; they represent innovation …
Persistent link: https://www.econbiz.de/10008545925
We present new indicators of U.S. technological change for the period 1909-49 based on information in the Library of Congress’ catalogue. We use these indicators to estimate the connections between technological change and economic activity, and to investigate the relationship between...
Persistent link: https://www.econbiz.de/10005572536
Difficulties in sorting out the empirical relationship between technical change and employment is attributable, at least in part, to the shortcomings associated with traditional measures of the former. In this paper, we use new indicators of technical change that we believe resolve many issues...
Persistent link: https://www.econbiz.de/10005704778