Measurement of the Rate of Technical Progress

Eismont, O. & Ross, H. (1985). Measurement of the Rate of Technical Progress. IIASA Working Paper. IIASA, Laxenburg, Austria: WP-85-095

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Abstract

In the beginning of 1985 IIASA started jointly with the University of Bonn a study on the World Economic Model under the leadership of Prof. Wilhelm Krelle. The structure of the model was developed by Prof. Krelle and discussed at the IIASA Conference on the Analysis and Forecasting of Economic Structural Change in May 1984. Since then a team of scholars from both East and West has been collecting the necessary data and estimating the parameters of submodels to be linked, at a later date, within the framework of the global model. The first quantitative results of this effort were discussed in the Workshop on Economic Growth and Structural Change, held in Lodz, Poland, December 9-10, 1985.

This paper presents the results of the estimations of production functions for OECD countries and was written in summer 1985, during the visit of Dr. O. Eismont, USSR, to the University of Bonn.

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