The Explanation of Productivity Change

  title={The Explanation of Productivity Change},
  author={Dale W. Jorgenson and Zvi Griliches},
  journal={The Review of Economic Studies},
in combining investment and consumption goods and labour and capital services. We then eliminate errors of measurement in the prices of investment goods arising from the use of prices for inputs into the investment goods sector rather than outputs from this sector. We remove errors arising from the assumption that the flow of services is proportional to stocks of labour and capital by introducing direct observations on the rates of utilization of labour and capital stock. We present rates of… 

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