Abstract
Baoline Chen and Peter A. Zadrozny (2009)
"Further Model-Based Estimates of U.S. Total Manufacturing Production Capital and
Technology, 1949-2005"
Production capital and technology (i.e., total factor productivity) in U.S.
manufacturing are fundamental for understanding output and productivity
growth of the U.S. 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 U.S. 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.
Last Modified Date: September 25, 2009
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