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A double calibration approach to the estimation of technological change

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  • Okushima, Shinichiro
  • Tamura, Makoto

Abstract

This paper suggests a new methodology for evaluating technological change in a multi-sector general equilibrium framework. The double calibration technique was applied to an ex post decomposition analysis of technological change between two periods, enabling a distinction to be made between price-induced and factor-biased technological changes for each sector. The method is applied to an empirical case--the oil crises in Japan between 1970 and 1980.

Suggested Citation

  • Okushima, Shinichiro & Tamura, Makoto, 2009. "A double calibration approach to the estimation of technological change," Journal of Policy Modeling, Elsevier, vol. 31(1), pages 119-125.
    • Handle: RePEc:eee:jpolmo:v:31:y:2009:i:1:p:119-125
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    References listed on IDEAS

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    6. Zvi Griliches, 1996. "The Discovery of the Residual: A Historical Note," Journal of Economic Literature, American Economic Association, vol. 34(3), pages 1324-1330, September.
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    Cited by:

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    3. Jeroen Klijs & Jack Peerlings & Wim Heijman, 2015. "Usefulness of Non-Linear Input—Output Models for Economic Impact Analyses in Tourism and Recreation," Tourism Economics, , vol. 21(5), pages 931-956, October.

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