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dc.contributor.authorSakellaris, Plutarchosen
dc.contributor.authorVijselaar, Focco W.en
dc.date.accessioned2009-01-28T15:53:05Z-
dc.date.available2009-01-28T15:53:05Z-
dc.date.issued2005-
dc.identifier.urihttp://hdl.handle.net/10419/18816-
dc.description.abstractThe euro area experienced a slowdown in output and Total Factor Productivity growth in the 1990s compared to the 1980s. We ask the following questions. Is the apparent slowdown in euro area output due to a lack of proper accounting for capital quality improvement? The answer is no. Did technological change really slow down in the euro area? The answer here is mixed. The part of the technological change that is embodied in capital goods and boosts output through investment in these goods in fact accelerated in the 1990s. In contrast, disembodied technological change, which boosts output through new consumer goods or new production processes, decelerated in the 1990s more sharply than the official figures portray.en
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x1452en
dc.subject.jelO47en
dc.subject.jelO30en
dc.subject.ddc330en
dc.subject.stwWirtschaftswachstumen
dc.subject.stwTechnischer Fortschritten
dc.subject.stwGesamtwirtschaftliches Anlagevermögenen
dc.subject.stwPreisindexen
dc.subject.stwEU-Staatenen
dc.titleCapital quality improvement and the sources of growth in the euro area-
dc.typeWorking Paperen
dc.identifier.ppn485187957en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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