Abstract
This paper considers two specifications, namely, the time trend (TT) and general index (GI) of technical change. These models are extended to accommodate the TFP growth accounting relationship in to the econometric model. We also propose a formal test to determine whether the TT or the GI model is appropriate for the data.
| Original language | English |
|---|---|
| Pages (from-to) | 185-191 |
| Number of pages | 7 |
| Journal | Empirical Economics |
| Volume | 29 |
| Issue number | 1 |
| DOIs | |
| State | Published - Jan 2004 |
Keywords
- Divisia index
- Returns to scale
- Technical change
- Total factor productivity growth
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