The purpose of this article is to provide a deeper empirical insight into the structural change of an industry which is more relevant than that obtained by an analysis based on the traditionally estimated average production function. The main contribution is a long run analysis of technical progress and structural change by means of the short-run industry production function introduced by Johansen [13], and based on micro data for individual production units. For that purpose we have developed Johansen's approach into an operational framework for discrete capacity distributions including a special algorithm for the computation of the short-run industry production function.
MLA
Forsund, Finn R., and Lennart Hjalmarsson. “Technical Progress and Structural Change in the Swedish Cement Industry 1955-1979.” Econometrica, vol. 51, .no 5, Econometric Society, 1983, pp. 1449-1468, https://www.jstor.org/stable/1912284
Chicago
Forsund, Finn R., and Lennart Hjalmarsson. “Technical Progress and Structural Change in the Swedish Cement Industry 1955-1979.” Econometrica, 51, .no 5, (Econometric Society: 1983), 1449-1468. https://www.jstor.org/stable/1912284
APA
Forsund, F. R., & Hjalmarsson, L. (1983). Technical Progress and Structural Change in the Swedish Cement Industry 1955-1979. Econometrica, 51(5), 1449-1468. https://www.jstor.org/stable/1912284
The Executive Committee of the Econometric Society has approved an increase in the submission fees for papers in Econometrica. Starting January 1, 2025, the fee for new submissions to Econometrica will be US$125 for regular members and US$50 for student members.
By clicking the "Accept" button or continuing to browse our site, you agree to first-party and session-only cookies being stored on your device. Cookies are used to optimize your experience and anonymously analyze website performance and traffic.