Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
968132 | Journal of Policy Modeling | 2009 | 7 Pages |
Abstract
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 caseāthe oil crises in Japan between 1970 and 1980.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Shinichiro Okushima, Makoto Tamura,