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dc.contributor.authorChen, Baolineen_US
dc.contributor.authorZadrozny, Peter A.en_US
dc.coverage.temporal1947-1997en_US
dc.date.accessioned2009-01-28T15:54:17Z-
dc.date.available2009-01-28T15:54:17Z-
dc.date.issued2005en_US
dc.identifier.urihttp://hdl.handle.net/10419/18990-
dc.description.abstractProduction capital and technology, fundamental to understanding output and productivity growth, are unobserved except at disaggregated levels and must be estimated prior to being used in empirical analysis. We develop and apply a new estimation method, based on advances in economics, statistics, and applied mathematics, which involves estimating a structural dynamic economic model of a representative production firm and using the estimated model to compute Kalman-filtered estimates of capital and technology for the sample period. We apply the method to annual data from 1947-97 for U.S. total manufacturing and compare the estimates with those reported by the Bureau of Labor Statistics.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesCESifo working papers 1526en_US
dc.subject.jelC50en_US
dc.subject.jelL60en_US
dc.subject.jelD24en_US
dc.subject.jelC81en_US
dc.subject.ddc330en_US
dc.subject.keywordKalman filter estimation of unobserved state variablesen_US
dc.subject.stwGesamtwirtschaftliches Anlagevermögenen_US
dc.subject.stwTechnologieen_US
dc.subject.stwVerarbeitendes Gewerbeen_US
dc.subject.stwSchätztheorieen_US
dc.subject.stwZustandsraummodellen_US
dc.subject.stwSchätzungen_US
dc.subject.stwTheorieen_US
dc.subject.stwUSAen_US
dc.titleEstimated US manufacturing production capital and technology based on an estimated dynamic economic modelen_US
dc.typeWorking Paperen_US
dc.identifier.ppn500827079en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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