Hard-to-measure goods and services : essays in honor of Zvi Griliches / edited by Ernst R. Berndt and Charles R. Hulten.

Chicago : University of Chicago Press, 2007.
xiii, 606 pages : illustrations ; 24 cm.


Summary note
"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."--BOOK JACKET.
Conference proceedings.
Bibliographic references
Includes bibliographical references and indexes.
  • I. Context and Prologue
  • Introduction / Ernst R. Berndt and Charles R. Hulten
  • 1. Theory and Measurement: An Essay in Honor of Zri 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. Jorgenson
  • 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. Bartelsman and J. Joseph Beaulieu
  • 16. Should Exact Index Numbers Have Standard Errors? Theory and Application to Asian Growth / Robert C. Feenstra and Marshall 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
  • VI. Epilogue
  • 19. Zvi Griliches's Contributions to Economic Measurement / Jack E. Triplett.
  • 9780226044491 (cloth : alk. paper)
  • 0226044491 (cloth : alk. paper)
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