The Effects of Technological Change on Productivity and Factor Demand in U.S. Apparel Industry 1958-1996 : An Econometric Analysis

University essay from Nationalekonomiska institutionen

Abstract: In this dissertation I study substantially the effects of disembodied technical change on the total factor productivity and inputs demand in U.S. Apparel industry during 1958-1996. A time series input-output data set over the sector employs to estimate an error corrected model of a four-factor transcendental logarithmic cost function. The empirical results indicate technical impact on the total factor productivity at the rate of 9% on average. Technical progress has in addition a biased effect on factor augmenting in the sector.

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