Embodied technical change

Also known as investment-specific technological change. This page created October 1998.

Introductory reading

Hercowitz, Zvi (1998). The 'embodiment' controversy: a review essay. Journal of Monetary Economics, 41(1), February, 217-224.

Further reading

Greenwood, Jeremy, Hercowitz, Zvi and Krusell, Per (1997). Long-run implications of investment-specific technological change. American Economic Review, 87(3), June, 342-362.

Greenwood, Jeremy and Jovanovic, Boyan (1998). Accounting for growth. NBER working paper no. 6647.

Hulten, Charles R. (1992). Growth accounting when technical change is embodied in capital. American Economic Review, 82(4), September, 964-980.

Krusell, Per (1998). Investment-specific R&D and the decline in the relative price of capital. Journal of Economic Growth, 3(2), June, 131-141.

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