G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/t0047
来源IDTechnical Working Paper 0047
Technical Progress in U.S. Manufacturing Sectors, 1948-1973: An Application of Lie Groups
Ryuzo Sato; Thomas M. Mitchell
发表日期1985-05-01
出版年1985
语种英语
摘要The purpose of this paper is to apply the theory of Lie transformation groups as developed by the first author, and derive a testable model of production and technical change. The econometric model is then applied to data derived by F. Gollop and D. Jorgenson for U.S. manufacturing industries for the years 1948-1973. This is the first empirical work in economics to incorporate the theory of Lie transformation groups, so the results are new, but they are also interesting. Using Zellner's seemingly unrelated regression equations method of generalized least squares produces an estimate of a model for the 21-industry system which has a high degree of explanatory power: The system's weighted-R2 is 0.9675 and all coefficients are statistically significant at the 5% level (on the basis of t-tests). While the "form" of technical change in a given industry of the model is probably new, it is easily characterized within the Lie group structure and the system estimate is statistically significant.
主题Industrial Organization
URLhttps://www.nber.org/papers/t0047
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/558855
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Ryuzo Sato,Thomas M. Mitchell. Technical Progress in U.S. Manufacturing Sectors, 1948-1973: An Application of Lie Groups. 1985.
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