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dc.contributor.authorFørsund, Finn R.en_US
dc.contributor.authorHjalmarsson, Lennarten_US
dc.date.accessioned2010-02-25en_US
dc.date.accessioned2011-07-01T08:43:48Z-
dc.date.available2011-07-01T08:43:48Z-
dc.date.issued2008en_US
dc.identifier.urihttp://hdl.handle.net/10419/47348-
dc.description.abstractA dynamic analysis of structural change is reviewed based on a vintage model of substitutability between inputs including capital before investment, but no substitution possibilities after investment, and ex post production possibilities characterised by fixed input coefficients. Key elements in understanding structural change are the entering of capacity embodying new technology and exiting of capacity no longer able to yield positive quasi-rent. Three production function concepts are identified: the ex ante micro unit production function as relevant when investing in new capacity, the ex post micro production function, and the short-run industry production function giving the production possibilities at the industry level. Productivity measurement, taking these types of production functions into consideration, leads to different interpretations of productivity change than traditional approaches not being clear about which production function concept is used.en_US
dc.language.isoengen_US
dc.publisherDep. of Economics, Univ. of Oslo Osloen_US
dc.relation.ispartofseriesMemorandum // Department of Economics, University of Oslo 2008,27en_US
dc.subject.jelC43en_US
dc.subject.jelD24en_US
dc.subject.jelL61en_US
dc.subject.ddc330en_US
dc.subject.keywordStructural changeen_US
dc.subject.keywordproductivity measurementen_US
dc.subject.keywordputty-clayen_US
dc.subject.keywordex ante production functionen_US
dc.subject.keywordshort-run industry production functionen_US
dc.subject.stwStrukturwandelen_US
dc.subject.stwProduktivitäten_US
dc.subject.stwProduktionsfunktionen_US
dc.subject.stwPutty-Clay-Modellen_US
dc.subject.stwAluminiumindustrieen_US
dc.subject.stwNorwegenen_US
dc.titleDynamic analysis of structural change and productivity measurementen_US
dc.typeWorking Paperen_US
dc.identifier.ppn584353901en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Memorandum, Department of Economics, University of Oslo

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