Formats and related files
Acknowledgements
The authors are grateful to Tim Helm for a very substantial effort in preparing the data for this study. They also thank Dimitri Magaritis who provided advice and generous help with the modelling. Nathan McLellan and Kam Szeto provided advice on the modelling. Robin Johnson responded to many questions about data sources. Substantial help was derived from very thorough comments by Richard Fabling.
Disclaimer
The views, opinions, findings, and conclusions or recommendations expressed in this Working Paper are strictly those of the authors. They do not necessarily reflect the views of the New Zealand Treasury. The Treasury takes no responsibility for any errors or omissions in, or for the correctness of, the information contained in these working papers. The paper is presented not as policy, but with a view to inform and stimulate wider debate.
Table of Contents
- Abstract
- Acknowledgements
- Disclaimer
- 1 Introduction
- 2.2 Productivity Growth
- 3 Literature Review and Existing Estimates
- 4 Spillovers
- 5 Estimation
- 5.2 Empirical specification
- 5.2.1 Creating knowledge stocks using the Perpetual Inventory Method
- 6 Results
- 6.2 Estimates based on the Koyck transformation
- 6.3 Estimates using an Almon lag structure
- 6.5 A simplified Almon estimation
- 7 Summary and Conclusions
- Appendix One: Unit root tests
- Appendix Two: Almon Distributed Lag
- Appendix Three: Results using Different Depreciation Rates
- Appendix Four: Description of the Data
- Intermediate Consumption (1949/50$)
- Capital Stock (1949/50$)
- Labour Force
- Agricultural Extension and Education
- References
Last updated:
Tuesday, 23 October 2007