Chapter

After “Technical Progress and the Aggregate Production Function”

Edited by Robert M. Solow

in New Developments in Productivity Analysis

Published by University of Chicago Press

Published in print August 2001 | ISBN: 9780226360621
Published online February 2013 | e-ISBN: 9780226360645 | DOI: http://dx.doi.org/10.7208/chicago/9780226360645.003.0005
After “Technical Progress and the Aggregate Production Function”

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This chapter presents a speech by Robert M. Solow, whose seminal 1957 paper laid the conceptual foundations for total factor productivity measurement, and provided remarks assessing both progress in the field and potential future directions. He recommended that more emphasis be placed on his vintage model, an alternative framework for analyzing the role of capital in productivity, which he proposed in 1959.

Keywords: Solow; total factor productivity; productivity measurement; capital; productivity analysis

Chapter.  2578 words. 

Subjects: Econometrics and Mathematical Economics

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