| 来源类型 | Working Paper
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| 规范类型 | 报告
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| DOI | 10.3386/t0047
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| 来源ID | Technical Working Paper 0047
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| Technical Progress in U.S. Manufacturing Sectors, 1948-1973: An Application of Lie Groups |
| Ryuzo Sato; Thomas M. Mitchell
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| 发表日期 | 1985-05-01
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| 出版年 | 1985
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| 语种 | 英语
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| 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
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| URL | https://www.nber.org/papers/t0047
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| 来源智库 | National Bureau of Economic Research (United States)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/558855
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推荐引用方式
GB/T 7714 |
Ryuzo Sato,Thomas M. Mitchell. Technical Progress in U.S. Manufacturing Sectors, 1948-1973: An Application of Lie Groups. 1985.
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文件名：
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t0047.pdf
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格式：
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Adobe PDF
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