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Les effets du progrès technique spécifique sur la durée de vie du capital et les mesures de productivité

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  • Patrick Musso

Abstract

We propose in this paper a two-sector model of economic growth with endogenous capital goods? lifespan and embodied technological change. We show that an investment-specific technological shock modifies the optimal lifespan of capital goods and biases traditional total factor productivity measures. The quantitative impact of this phenomenon is highly dependant of the kind of investment-specific technological change considered. Classification JEL : O33, O41, O47.

Suggested Citation

  • Patrick Musso, 2004. "Les effets du progrès technique spécifique sur la durée de vie du capital et les mesures de productivité," Revue économique, Presses de Sciences-Po, vol. 55(3), pages 459-468.
    • Handle: RePEc:cai:recosp:reco_553_0459
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    JEL classification:

    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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