Econometrica

Journal Of The Econometric Society

An International Society for the Advancement of Economic
Theory in its Relation to Statistics and Mathematics

Edited by: Guido W. Imbens • Print ISSN: 0012-9682 • Online ISSN: 1468-0262

Econometrica: Sep, 1983, Volume 51, Issue 5

Technical Progress and Structural Change in the Swedish Cement Industry 1955-1979

https://doi.org/0012-9682(198309)51:5<1449:TPASCI>2.0.CO;2-P
p. 1449-1468

Finn R. Forsund, Lennart Hjalmarsson

The purpose of this article is to provide a deeper empirical insight into the structural change of an industry which is more relevant than that obtained by an analysis based on the traditionally estimated average production function. The main contribution is a long run analysis of technical progress and structural change by means of the short-run industry production function introduced by Johansen [13], and based on micro data for individual production units. For that purpose we have developed Johansen's approach into an operational framework for discrete capacity distributions including a special algorithm for the computation of the short-run industry production function.


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