Aggregate returns to scale and embodied technical change: theory and measurement using stock market data☆

No abstract is available for this paper.

• Publication year

  2004

• Venue

  Journal of Monetary Economics

• Publication date

  Unknown publication date

• Fields of study

  Economics

• Identifiers
  DOI 10.1016/J.JMONECO.2003.07.001
• External record

  Open on Semantic Scholar

• Source metadata

  Semantic Scholar

• No claims are published for this paper.

• No concepts are published for this paper.

• THE UNBOUND PROMETHEUS: Technological Change and Industrial Development in Western Europe from 1750 to the Present

  2004cited by this paper
• Technological Change and the Stock Market

  2003influential reference
• Technology Shocks Matter

  2002cited by this paper
• The Stock Market and Capital Accumulation

  2001cited by this paper
• New Developments in Productivity Analysis

  2001cited by this paper
• Tools for Thought: What is New and Important about the "E-conomy"?

  2000cited by this paper
• Indeterminacy Under Constant Returns to Scale in Multisector Economies

  2000cited by this paper
• Social Security Reform and National Wealth

  2000cited by this paper
• Too Much of a Good Thing? The Economics of Investment in R&D

  1999influential reference
• Information Technology and Growth

  1999cited by this paper
• Indeterminacy, home production, and the business cycle: A calibrated analysis

  1998cited by this paper
• Measuring the Rate of Technological Progress in Structures

  1998cited by this paper
• Paths of Innovation: The Institutionalization of Innovation, 1900–90

  1998cited by this paper
• General purpose technologies and economic growth

  1998cited by this paper
• Accounting for Growth

  1998cited by this paper
• The Measurement of Depreciation in the U.S. National Income and Product Accounts

  1997cited by this paper
• Returns to Scale in U.S. Production: Estimates and Implications

  1997cited by this paper
• Indeterminacy and sector-specific externalities

  1996cited by this paper
• [The Implications of Knowledge-Based Growth for Micro-Economic Policies]

  1996cited by this paper
• Comparing Four Models of Aggregate Fluctuations due to Self-Fulfilling Expectations

  1995cited by this paper
• Long-Run Implications of Investment-Specific Technological Change

  1995influential reference
• Real Business Cycles and the Animal Spirits Hypothesis

  1994cited by this paper
• Are Apparent Productive Spillovers a Figment of Specification Error

  1994cited by this paper
• A Time to Sow and a Time to Reap: Growth Based on General Purpose Technologies

  1994cited by this paper
• Procyclical Productivity: Overhead Inputs or Cyclical Utilization

  1993cited by this paper
• The Relation between Price and Marginal Cost in U.S. Industry: A Contradiction

  1993cited by this paper
• External effects in U.S. procyclical productivity

  1992cited by this paper
• Growth Accounting When Technical Change is Embodied in Capital

  1992cited by this paper
• The measurement of durable goods prices

  1991cited by this paper
• The Lever of Riches: Technological Creativity and Economic Progress.

  1991cited by this paper
• Twenty-Five Centuries of Technological Change : An Historical Survey

  1990cited by this paper
• The Lever of Riches: Technological Creativity and Economic Progress

  1990cited by this paper
• Growth, productivity, unemployment : essays to celebrate Bob Solow's birthday

  1990cited by this paper
• Invariance Properties of Solow&Apos;S Productivity Residual

  1989cited by this paper
• Oligopolistic Pricing and the Effects of Aggregate Demand on Economic Activity

  1989cited by this paper
• Nonlinear Statistical Models

  1988cited by this paper
• Inside the Black Box: Technology and Economics

  1984cited by this paper
• Imitation Costs and Patents: An Empirical Study

  1981cited by this paper
• R&D, Patents, and Productivity

  1981cited by this paper
• The economics of industrial organization

  1979cited by this paper
• The Rate of Obsolescence of Knowledge, Research Gestation Lags, and the Private Rate of Return to Research Resources

  1979cited by this paper
• Monopolistic competition and optimum product diversity

  1977cited by this paper
• Industrial Market Structure and Economic Performance

  1971influential reference
• The Unbound Prometheus: Technological Change and Industrial Development in Western Europe from 1750 to the Present.

  1970cited by this paper
• MATHEMATICAL METHODS IN THE SOCIAL SCIENCES, 1959

  1960cited by this paper
• A Contribution to the Theory of Economic Growth

  1956influential reference
• Random Simultaneous Equations and the Theory of Production

  1944cited by this paper

• The Value of Software

  2025cites this paper
• On government spending and income inequality under monopolistic competition

  2023cites this paper
• Tax policy and aggregate stability in an overlapping generations model

  2023influential citation
• General Purpose Technologies as Systematic Risk in Global Stock Markets

  2022cites this paper
• EQUILIBRIUM INDETERMINACY, ENDOGENOUS ENTRY AND EXIT, AND INCREASING RETURNS TO SPECIALIZATION

  2021influential citation
• OPTIMAL TARIFFS IN A TWO-COUNTRY R&D-BASED GROWTH MODEL

  2021influential citation
• Externalities, Endogenous Productivity, and Poverty Traps ECONOMIC

  2020cites this paper
• Understanding the Large Negative Impact of Oil Shocks

  2019cites this paper
• Economic Growth and Patent Policy: Quantifying the Effects of Patent Length on RD and Consumption

  2019cites this paper
• Effects of Blocking Patents on RD: A Quantitative DGE Analysis

  2019influential citation
• A Generalized Quality-Ladder Growth Model with Patent Breadth: Quantifying the Effects of Blocking Patents on RD

  2019influential citation
• Optimal Policies in the Dasgupta—Heal—Solow—Stiglitz Model under Nonconstant Returns to Scale

  2019cites this paper
• Optimal Policies in the Dasgupta—Heal—Solow—Stiglitz Model under Nonconstant Returns to Scale

  2019cites this paper
• WELFARE EFFECTS OF PATENT PROTECTION IN A GROWTH MODEL WITH R&D AND CAPITAL ACCUMULATION

  2019cites this paper
• Optimal capital taxation in an economy with innovation-driven growth

  2019influential citation
• Should the government subsidize innovation or automation?

  2018influential citation
• Effects of Patents versus R&D Subsidies on Income Inequality

  2018influential citation
• Monetary Policy in a Schumpeterian Growth Model with Two R&D Sectors

  2018influential citation
• Code and data files for "On the Optimality of IPR Protection with Blocking Patents"

  2017influential citation
• How Large Are Returns to Scale in the U.S.? A View Across the Boundary

  2017cites this paper
• Models of Discount Window Lending: A Review

  2017cites this paper
• The Optimal Policies in the DHSS Model under Nonconstant Returns to Scale

  2017influential citation
• STATUS PREFERENCE AND THE EFFECTS OF PATENT PROTECTION: THEORY AND EVIDENCE

  2016influential citation
• OIL DEPENDENCE, INTERNATIONAL BORROWINGS, AND ECONOMIC INSTABILITY IN A SMALL OPEN ECONOMY

  2016cites this paper
• Bowman ’ s Paradox Revisited : An Investigation of Three East Asian Markets ( Full Paper Submission ) Cau

  2016cites this paper
• The Optimal Use of Exhaustible Resources Under Non-constant Returns to Scale

  2016influential citation
• Venture Capital and the Macroeconomy∗

  2016cites this paper
• Louis Working Paper Series Externalities , Endogenous Productivity , and Poverty Traps

  2015cites this paper
• News about aggregate demand and the business cycle

  2015cites this paper
• Obsolescence of Durable Goods and Optimal Purchase Timing

  2015cites this paper
• The Effects of Patent Protection: A Growth Model with Status Preference

  2013influential citation
• Derivative Ideas And The Value Of Intangible Assets

  2013cites this paper
• Entry Conditions and the Market Value of Capital

  2011cites this paper
• Inflation and Welfare in Long-Run Equilibrium with Firm Dynamics

  2011influential citation
• and welfare in long-run equilibrium with rm dynamics

  2011cites this paper
• OPEC’s oil exporting strategy and macroeconomic (in)stability

  2011cites this paper
• Returns to scale in the production of selected manufacturing sectors in China

  2011cites this paper
• Money and Asset Prices in a Production Economy

  2010cites this paper
• Effects of patent length on R&D: a quantitative DGE analysis

  2010influential citation
• Technology Adoption, Vintage Capital and Asset Prices

  2010cites this paper
• Entry Conditions and the Market Value of Businesses

  2010cites this paper
• Malmquist and Törnqvist productivity indexes: returns to scale and technical progress with imperfect competition

  2010cites this paper
• Technological Revolutions and Stock Prices

  2009cites this paper
• Applied Intertemporal Optimization

  2009cites this paper
• Regulation and Performance: Evidence from the Telecommunications Industry

  2009cites this paper
• Effects of blocking patents on R&D: a quantitative DGE analysis

  2009influential citation
• Complementary Innovations and the Value of Intangible Assets

  2009cites this paper
• Externalities, Endogenous Productivity, and Poverty Traps

  2008cites this paper
• Patent Policy, R&D and Economic Growth.

  2008cites this paper
• Endogenous Productivity and Multiple Steady States

  2008cites this paper
• Thèse pour le Doctorat ès Sciences Economiques

  2007cites this paper
• ASSET PRICING IN DYNAMIC STOCHASTIC GENERAL EQUILIBRIUM MODELS WITH INDETERMINACY

  2007influential citation
• A Generalized Quality-Ladder Growth Model with Overlapping Intellectual Property Rights: Quantifying the Effects of Blocking Patents on R&D

  2007cites this paper
• INCREASING RETURNS AND THE DESIGN OF INTEREST RATE RULES

  2007influential citation
• A Generalized Quality-Ladder Growth Model with Patent Breadth: Quantifying the Effects of Blocking Patents on R&D

  2007influential citation
• Economic Growth and Patent Policy: Quantifying the Effects of Patent Length on R&D and Consumption

  2007cites this paper
• Optimal Patent Breadth: Quantifying the Effects of Increasing Patent Breadth

  2007influential citation
• An Equilibrium Model of R & D and Stock Returns

  2007cites this paper
• Slobodyan ONE SECTOR MODELS , INDETERMINACY , AND PRODUCTIVE PUBLIC SPENDING CERGE

  2006influential citation
• Taylor Rules and Macroeconomic Instability or How the Central Bank Can Preempt Sunspot Expectations

  2006influential citation
• Effectiveness versus Efficiency: Growth-Accelerating Policies in a Model of Growth without Scale Effects

  2006influential citation
• This is an early version of these lecture notes. Various sections still need polishing. This should be taken into account when using and working with them.

  2006cites this paper
• The Role of Preference Shocks and Capital Utilization in the Great Depression

  2006cites this paper
• Research Division Federal Reserve Bank of St . Louis Working Paper Series Oil Dependence and Economic Instability

  2006cites this paper
• One Sector Models, Indeterminacy, and Productive Public Spending

  2006cites this paper
• Heterogeneous Firms, Productivity, and Poverty Traps

  2005cites this paper
• Technological Revolutions and Stock Prices

  2005cites this paper
• Understanding the Impact of Oil Shocks

  2005cites this paper
• Indeterminacy Revisited: Variable Capital Utilization and Returns to Scale

  2005cites this paper
• Gradual Product Replacement, Intangible-Asset Prices and Schumpeterian Growth

  2005cites this paper
• Understanding the Large Negative Impact of Oil Shocks

  2005cites this paper
• Owned Ideas and the Stock Market ∗

  2005cites this paper
• Indeterminacy, aggregate demand, and the real business cycle ☆

  2004cites this paper
• Technological Change and the Stock Market

  2004cites this paper
• Technological Change and the Stock Market

  2003cites this paper
• Taylor Rules in Practice: How Central Banks can Intercept Sunspot Expectations

  2003cites this paper
• NBER WORKING PAPER SERIES TECHNOLOGICAL REVOLUTIONS AND STOCK PRICES

  year unknowncites this paper