## Measuring Capital Depreciation Under Conditions of Technological Change: U.S. Manufacturing Industries 1946-1961 |

### What people are saying - Write a review

We haven't found any reviews in the usual places.

### Common terms and phrases

aggregate assume assumption asymptotic variance capital and labor capital coefficient capital input cash flow Chapter Cobb-Douglas function Cobb-Douglas production function computed constant returns costs defined demand curve depends depreciation and technological discussed disembodied technological progress Doctor of Philosophy economic unit effective capital stock elasticity of substitution embodied technological progress Equation q error terms Euler's identity exogenous variables expression factor of production FIML firm given gross investment Hildebrand and Liu homoscedastic income involves labor's share least-squares likelihood function linear markets maximization of cash maximum-likelihood estimates method of estimation model of production Nerlove non-linear optimal period problem production process productivity of labor quality changes rate of return rate of technological raw materials reduced equations relatively returns to scale second derivatives simultaneous equations model Solow specification statistical estimation structural parameters techno technological change time-series data USIO and SCB value added variance-covariance matrix various vintages wage rate