Productivity and Technical Change According to Salter – A note
PDF

Supplementary Files

Cover

Keywords

Salter and productivity
Salter and technical change
Productivity and technical change.

How to Cite

AMAVILAH, V. H. (2016). Productivity and Technical Change According to Salter – A note. Journal of Economic and Social Thought, 3(2), 302–307. https://doi.org/10.1453/jest.v3i2.823

Abstract

Abstract. Salter’s simple and clear explanation of productivity and how it relates to technical change has anchored many elaborate and fancy growth and change analyses. Unfortunately many of these elaborations do not even reference Salter. They should. This note shows that some old ideas are like wine which gets better with age.

Keywords. Salter and productivity; Salter and technical change; productivity and technical change.

JEL. O30, 040.
https://doi.org/10.1453/jest.v3i2.823
PDF

References

Abramovitz, M. (1979). Rapid growth potential and its realization: The experience of capitalist economies in postwar period. In E. Malinvad (ed) Economic Growth and Resources. New York: St. Martin’s Press.

Acemoglu, D. (2002 ). Directed technical change, Review of Economic Studies, 69(4), 781-809. doi. 10.1111/1467-937X.00226

Allen, R.G.D. (1968). Macro-economic Theory: A mathematical treatment. New York: St. Martin’s Press.

Amavilah, V.H. (1997). Resources, Technology, and Mineral Trade in the Economic Growth of Namibia. Ann Arbor: UMI Dissertation Services.

Amavilah, V.H., & Newcomb, R.T. (2004). Economic Growth and the Financial Economics of Capital Accumulation under Shifting Technological Change. Working Paper No. 3, Draft No. 5, March 31, 2004. [Retrieved from].

Antonelli, C. & Quantraro, F. (2014). The effects of biased technological changes on total factor productivity: a rejoinder and new empirical evidence. Gredeg WP No. 2014-01. [Retrieved from].

Arrow, K.J. (1969). Classificatory notes on the production and transmission of technological knowledge, American Economic Review, 59(2), 29-35.

Arrow, K.J. (1962). The economic implications of learning by doing. Review of Economic Studies, 29(3), 155-173. doi. 10.2307/2295952

Choi, K. (1983). Theories of Comparative Economic Growth. Ames (IA): Oiwa State University Press.

Hsiao, F. (1968). Technical progress and the production function: A synthesis. In JP Quirk and AM Zarley (eds) Papers in Quantitative Economics, 1. Lawrence: University Press of Kansas.

Kendrick, J.W. (1979). Productivity trends and the recent slow: Historical perspective, causal factors, and policy options. In W. Fellner (ed) Contemporary Economic Problems 1979. Washington, DC: American Enterprise Institute.

Kendrick, J.W. (1973). Postwar Productivity Trends in the United States 1949-1969. New York: National Bureau of Economic Research.

Mansfield, E. (1980). Technology and productivity in the United States. In The American Economy in Transition, M. Feldstein (ed). Chicago: University of Chicago.

Nadiri, M.I., & Schankerman, M.A. (1981). Technical change, returns to scale, and the productivity slowdown. American Economic Review, 71(2), 314-319.

Nemoto, J. & Goto, M. (2005). Productivity, efficiency, scale economies, and technological change: A new decomposition analysis of TFP applied to the Japanese Prefectures. NBER Working Paper, No. 11373. doi. 10.3386/w11373

Newcomb, R.T. (1976). Modeling growth and change in the American coal industry. Growth and Change, 10(1), 111-127. doi. 10.1111/j.1468-2257.1979.tb00835.x

Rosenberg, N. (1972). Technology and American Economic Growth. New York: Harper & Row.

Sabasi, D. & Shumway, C.R. (2014). Technical change, efficiency, and total factor productivity in U.S. agriculture, Research in Agricultural and Applied Economics. [Retrieved from].

Salter, W.E.G. (1966[1960]). Productivity and Technical Change, 2nd Edition. Cambridge: Cambridge University Press.

Schmookler, J. (1966). Invention and Economic Growth. Cambridge: Harvard University Press.

Solow, R.M. (1997). Learning from ‘Learning by doing’: Lessons for economic growth. Stanford: Stanford University Press.

Solow, R.M. (1957). Technical change and the aggregate production function, Review of Economics and Statistics, 39, 312-320.

Stiglitz, J.E. (2006). Samuelson and the factor bias of technological change: Toward a unified theory of growth and unemployment. In M. Szenberg (ed) Samuelsonian Economics and the Twenty-First Century. Oxford: Oxford University Press. Chapter 16: 235-251.

Creative Commons License
This article licensed under Creative Commons Attribution-NonCommercial license (4.0)

Downloads

Download data is not yet available.