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Published in 2020 at "Economic Modelling"
DOI: 10.1016/j.econmod.2019.12.001
Abstract: We use the normalized quadratic cost function, introduced by Diewert and Wales (1987),to measure and analyze the rate and biases of technical change at the sectoral level in eleven major U.S. industries - manufacturing, construction,…
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Keywords:
change industries;
technical change;
finance;