Hard-to-Measure Goods and Services: Essays in Honor of Zvi Griliches
edited by Ernst R. Berndt and Charles R. Hulten
University of Chicago Press, 2007 Cloth: 978-0-226-04449-1 | eISBN: 978-0-226-04450-7
ABOUT THIS BOOK | AUTHOR BIOGRAPHY | TOC | REQUEST ACCESSIBLE FILE
ABOUT THIS BOOK
The celebrated economist Zvi Griliches’s entire career can be viewed as an attempt to advance the cause of accuracy in economic measurement. His interest in the causes and consequences of technical progress led to his pathbreaking work on price hedonics, now the principal analytical technique available to account for changes in product quality.
Hard-to-Measure Goods and Services, a collection of papers from an NBER conference held in Griliches’s honor, is a tribute to his many contributions to current economic thought. Here, leading scholars of economic measurement address issues in the areas of productivity, price hedonics, capital measurement, diffusion of new technologies, and output and price measurement in “hard-to-measure” sectors of the economy. Furthering Griliches’s vital work that changed the way economists think about the U.S. National Income and Product Accounts, this volume is essential for all those interested in the labor market, economic growth, production, and real output.
Ernst R. Berndt is the Louis B. Seley Professor of Applied Economics at the MIT Sloan School of Management and director of the Program on Technological Progress and Productivity Measurement at the National Bureau of Economic Research.
Charles R. Hulten is professor of economics at the University of Maryland, chairman of the executive committee of the Conference on Research in Income and Wealth, and a research associate of the NBER.
TABLE OF CONTENTS
Prefatory Note Acknowledgements
I. CONTEXT AND PROLOGUE
Introduction Ernst R. Berndt and Charles R. Hulten
1. Theory and Measurement: An Essay in Honor of Zvi Griliches Charles R. Hulten
II. CLASSIC INPUT MEASUREMENT ISSUES REVISITED
2. Production Function and Wage Equation Estimation with Heterogeneous Labor: Evidence from a New Matched Employer-Employee Data Set Judith K. Hellerstein and David Neumark
3. Where Does the Time Go? Concepts and Measurement in the American Time Use Survey Harley Frazis and Jay Stewart
4. Technology and the Theory of Vintage Aggregation Michael J. Harper
5. Why Do Computers Depreciate? Michael J. Geske, Valerie A. Ramey, and Matthew D. Shapiro
III. QUALITY ADJUSTMENT AND PRICE MEASUREMENT ISSUES: RECENT DEVELOPMENTS
6. Downward Bias in the Most Important CPI Component: The Case of Rental Shelter, 1914-2003 Robert J. Gordon and Todd vanGoethem
7. Pricing at the On-Ramp to the Internet: Price Indexes for ISPs during the 1990s Greg Stranger and Shane Greenstein
8. Different Approaches to Estimating Hedonic Indexes Saeed Heravi and Mick Silver
9. Price Indexes for Microsoft's Personal Computer Software Products Jaison R. Abel, Ernst R. Berndt, and Alan G. White
10. International Comparisons of R&D Expenditure: Does an R&D PPP Make a Difference? Sean M. Dougherty, Robert Inklaar, Robert H. McGuckin, and Bart van Ark
IV. INFORMATION TECHNOLOGY AND THE ACCELERATION OF PRODUCTIVITY GROWTH
11. Information Technology and the G7 Economies Dale W. Jorgensen
12. The Role of Semiconductor Inputs in IT Hardware Price Decline: Computers versus Communications Ana Aizcorbe, Kenneth Flamm, and Anjum Khurshid
13. Computer Input, Computer Networks, and Productivity B. K. Atrostic and Sang Nguyen
V. MEASURING AND MODELING PRODUCTIVITY, CONSUMPTION, AND DIFFUSION
14. Services Productivity in the United States: Griliches's Services Volume Revisited Barry P. Bosworth and Jack E. Triplett
15. A Consistent Accounting of U.S. Productivity Growth Eric J. Bartlesman and J. Joseph Beaulieu
16. Should Exact Index Numbers Have Standard Errors? Theory and Application to Asian Growth Robert C. Feenstra and Marchall B. Reinsdorf
17. What Really Happened to Consumption Inequality in the United States? Orazio Attanasio, Erich Battistin, and Hidehiko Ichimura
18. Technology Adoption from Hybrid Corn to Beta-Blockers Jonathan Skinner and Douglas Staiger
19. Zvi Griliches's Contributions to Economic Measurement Jack E. Triplett
Contributors Author Index Subject Index
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