IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-349-06089-4_9.html
   My bibliography  Save this book chapter

Embodied Technical Change and the Age of Capital: Empirical Evidence for Manufacturing Establishments

In: The Employment Consequences of Technological Change

Author

Listed:
  • Stuart Wabe
  • Derek L. Bosworth

Abstract

The early work on vintage capital models marked an important departure from the traditional lines of development in the study of production. Embodied technical change became widely accepted as an intuitively plausible concept, and this resulted in a large volume of theoretical and empirical literature. Data used to test the validity of the vintage hypothesis was often unsatisfactory, however, because of its high level of aggregation. Through a lack of incisive evidence, the ‘new view’ of the world failed to cause the expected demise of the neo-classical theories of production and both have developed, side-by-side. The two theories are, nevertheless, largely competitive, and there have been a number of attempts to establish which approach provides the superior description of the real world.

Suggested Citation

  • Stuart Wabe & Derek L. Bosworth, 1983. "Embodied Technical Change and the Age of Capital: Empirical Evidence for Manufacturing Establishments," Palgrave Macmillan Books, in: Derek L. Bosworth (ed.), The Employment Consequences of Technological Change, chapter 8, pages 126-142, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-06089-4_9
    DOI: 10.1007/978-1-349-06089-4_9
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-349-06089-4_9. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.