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New Evidence on Durable Goods Biased Technological Change

Author

Listed:
  • Jonas Fisher
  • John Fernald

Abstract

We describe new evidence that technological change is biased toward producing durables goods. Existing evidence in favor of the importance of change to growth and business cycles is based on the price deflators for investment and consumption goods. Our evidence is based on additional data, including industry specific goods prices, factor inputs, factor prices and the input-output tables.

Suggested Citation

  • Jonas Fisher & John Fernald, 2004. "New Evidence on Durable Goods Biased Technological Change," 2004 Meeting Papers 55, Society for Economic Dynamics.
    • Handle: RePEc:red:sed004:55
    as

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    Keywords

    investment-specific technological change; growth accouting;

    JEL classification:

    • E0 - Macroeconomics and Monetary Economics - - General

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