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Further model-based estimates of US total manufacturing production capital and technology, 1949–2005

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  • Baoline Chen
  • Peter Zadrozny

Abstract

Production capital and technology (i.e., total factor productivity) in US manufacturing are fundamental for understanding output and productivity growth of the US economy but are unobserved at this level of aggregation and must be estimated before being used in empirical analysis. Previously, we developed a method for estimating production capital and technology based on an estimated dynamic structural economic model and applied the method using annual SIC data for 1947–1997 to estimate production capital and technology in US total manufacturing. In this paper, we update this work by reestimating the model and production capital and technology using annual SIC data for 1949–2001 and partly overlapping NAICS data for 1987–2005. Copyright Springer Science+Business Media, LLC (outside the USA) 2013

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  • Baoline Chen & Peter Zadrozny, 2013. "Further model-based estimates of US total manufacturing production capital and technology, 1949–2005," Journal of Productivity Analysis, Springer, vol. 39(1), pages 61-73, February.
    • Handle: RePEc:kap:jproda:v:39:y:2013:i:1:p:61-73
    DOI: 10.1007/s11123-012-0271-5
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    Cited by:

    1. Zadrozny, Peter A., 2016. "Extended Yule–Walker identification of VARMA models with single- or mixed-frequency data," Journal of Econometrics, Elsevier, vol. 193(2), pages 438-446.

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    More about this item

    Keywords

    Kalman filter; Estimation of unobserved variables; Dynamic structural modelling; C50; C81; D24; L60;
    All these keywords.

    JEL classification:

    • C50 - Mathematical and Quantitative Methods - - Econometric Modeling - - - General
    • C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General

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