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dc.contributor.authorEdquist, Haralden_US
dc.date.accessioned2012-03-28T13:02:47Z-
dc.date.available2012-03-28T13:02:47Z-
dc.date.issued2005en_US
dc.identifier.urihttp://hdl.handle.net/10419/56086-
dc.description.abstractRapid price decreases for ICT-products in the 1990s have been largely attributed to the introduction of hedonic price indexes. Would hedonic price indexing also have large effects on measured price and productivity during earlier technological breakthroughs? This paper investigates the impact of hedonic and matched model methods on historical data for electric motors in Sweden 1900-35. The results show that during the productivity boom of the 1920s, current prices for electric motors decreased by 13.2 and 12.2 percent per year depending on whether hedonic or matched model price indexes were used. This indicates high productivity growth in the industry producing electric motors in 1920-29. In contrast to Sweden, the US annual total factor productivity growth was only, according to current best estimates, 3.5 percent in Electric machinery compared to 5.3 percent in manufacturing in 1920-29. However, hedonic price indexes were not used to calculate US productivity. Finally, it is shown that the price decreases for electric motors in the 1920s were not on par with the price decreases for ICT-equipment in the 1990s, even if hedonic indexing is used in both cases.en_US
dc.language.isoengen_US
dc.publisherEkonomiska Forskningsinst. Stockholmen_US
dc.relation.ispartofseriesSSE/EFI Working Paper Series in Economics and Finance 586en_US
dc.subject.jelL60en_US
dc.subject.jelN60en_US
dc.subject.jelO10en_US
dc.subject.jelO14en_US
dc.subject.jelO33en_US
dc.subject.jelO40en_US
dc.subject.ddc330en_US
dc.subject.keywordHedonic price indexen_US
dc.subject.keywordElectric motoren_US
dc.subject.keywordProductivity growthen_US
dc.subject.keywordElectrificationen_US
dc.subject.keywordICT revolutionen_US
dc.subject.keywordProductivity growthen_US
dc.subject.keywordGeneral Purpose Technologiesen_US
dc.subject.keywordInnovationen_US
dc.subject.stwHedonischer Preisindexen_US
dc.subject.stwPreisindexen_US
dc.subject.stwMotoren_US
dc.subject.stwProduktivitäten_US
dc.subject.stwInformationstechniken_US
dc.subject.stwSchwedenen_US
dc.subject.stwIndexberechnungen_US
dc.titleDo hedonic price indexes change history? The case of electrificationen_US
dc.typeWorking Paperen_US
dc.identifier.ppn479829632en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:SSE/EFI Working Paper Series in Economics and Finance, EFI - The Economic Research Institute, Stockholm School of Economics

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