The “killer application” of the new framework for productivity measurement presented in this
paper is the impact of information technology (IT) on economic growth. A consensus has …

Publisher Summary This chapter presents an exposition of econometric methods for modeling
producer behavior. The objective of econometric modeling is to determine the nature of …

This paper surveys empirical research on depreciation based on an econometric model of
asset prices introduced by Hall in 1971 and shows how Hall's model provides a vehicle for …

Expression (3) derived above for the cost of capital services may be extended to take account
of a proportional tax on business income. We assume that the tax authorities prescribe a …

There is no greater gap between economic theory and econometric practice than that which
characterizes the literature on business investment in fixed capital. According to the …

I Introduction A DDITIVE and homogeneous production possibility frontiers have played an
im-portant role in formulating statistical tests of the theory of production. In section II we …

Measurement of total factor productivity is based on the economic theory of production. For
this purpose the theory consists of a production function with constant returns to scale …

… Our methodology is based on the production possibility frontier introduced by Jorgenson (1966)
and employed by Jorgenson and Griliches (1967). This captures substitutions among …

… The depreciation rates presented by Jorgenson and Stiroh (2000b) summarize a large
body of empirical research on the behavior of asset prices.A third empirical issue is the …

… underlying the work of Christensen, Denison, and Jorgenson to the sectoral level. This
phase was completed by Gollop and Jorgenson (1980), incorporating intermediate input with …