Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/18816
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dc.contributor.authorSakellaris, Plutarchosen_US
dc.contributor.authorVijselaar, Focco W.en_US
dc.date.accessioned2009-01-28T15:53:05Z-
dc.date.available2009-01-28T15:53:05Z-
dc.date.issued2005en_US
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_US
dc.language.isoengen_US
dc.publisher|aCenter for Economic Studies and Ifo Institute (CESifo) |cMunichen_US
dc.relation.ispartofseries|aCESifo Working Paper |x1452en_US
dc.subject.jelO47en_US
dc.subject.jelO30en_US
dc.subject.ddc330en_US
dc.subject.stwWirtschaftswachstumen_US
dc.subject.stwTechnischer Fortschritten_US
dc.subject.stwGesamtwirtschaftliches Anlagevermögenen_US
dc.subject.stwPreisindexen_US
dc.subject.stwEU-Staatenen_US
dc.titleCapital quality improvement and the sources of growth in the euro areaen_US
dc.typeWorking Paperen_US
dc.identifier.ppn485187957en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-

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