A double calibration approach to the estimation of technological change
نویسندگان
چکیده
This paper suggests a new methodology for evaluating technological change in a multi-sector general equilibrium framework. The double calibration technique was applied to an ex post decomposition analysis of technological change between two periods, enabling a distinction to be made between price-induced and factor-biased technological changes for each sector. The method is applied to an empirical case— the oil crises in Japan between 1970 and 1980. JEL classification: D57, D58, O30
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