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BIOGRAPHY:
Charles R. Hulten is
Professor of Economics at the University of Maryland, where he has taught since 1985.
He is also a Research Associate of the National Bureau of Economic
Research and Chairman of the Conference on Research in Income and Wealth, and
Senior Fellow at The Conference Board.
He is a member of the Advisory Committee of the Bureau of Economic
Analysis. Before joining the University of Maryland, he was a Senior Research Associate at the Urban Institute and
Assistant Professor of Economics at Johns Hopkins University. His
undergraduate and Ph.D. degrees are from the University of California, Berkeley (1965 and 1973, respectively).
Research interests: Productivity
analysis, economic growth and development, capital formation and the
measurement of economic depreciation, and intangible capital and the effects
of intangibles on economic growth and corporate wealth.
Curriculum Vitae
NEW PAPERS
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"The
Role of Intangible Capital in the Transformation and Growth of the Chinese
Economy" (with Janet Hao).
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"Decoding Microsoft:
Intangible Capital as a Source of Company Growth," NBER Working Paper
15799, March 2010.
"Connecting
the Supply and Demand Sides of the Economy: Productivity, Asset Valuation,
and Tobin's q," paper presented at the conference Wealth, Financial
Intermediation and the Real Economy, Conference on Research on Income and
Wealth, Federal Reserve Board, Washington D.C., November 12-13, 2010 (with
Carol Corrado).
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Unpublished
Research Papers and Harder-to-Find
Published Papers (some in preliminary working paper form):
INTANGIBLE CAPITAL
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"Intangible Capital and U.S. Economic Growth," Review of Income and Wealth, 55, 3, September 2009, 661-685
(with Carol Corrado, and Daniel Sichel). NBER
Working Paper 11948 version Intangible Capital and U.S Economic Growth.pdf
"How
Do you Measure a 'Technological Revolution'?" American Economic
Review, May 2010, 99-104 (with Carol A. Corrado).
"Measuring
Capital and Technology: An Expanded Framework," in Measuring
Capital in the New Economy, Carol Corrado, John Haltiwanger and
Daniel Sichel, eds., Studies in Income and Wealth, vol. 65, The University of
Chicago Press for the National Bureau of Economic Research, Chicago, 2005,
11-41 (with Carol Corrado, and Daniel Sichel). Measuring Capital and Technology An Expanded Framework.pdf
"Measuring
Intangible Capital and Its Contribution to Economic Growth," EIB
Papers, European Investment Bank, volume14, number 1, December 2009,
62-93 (with van Ark, Bart, Janet X. Hao, and Carol A. Corrado).
"Intangible
Capital and the 'Market to Book Value' Puzzle," NBER Working Paper
14548, December 2008 (with Janet Hao). Intangible Capital and the 'Market to Book Value' Puzzle.pdf
"Toward
A National Innovation Account," Comment Prepared for The Advisory Committee on Measuring Innovation in the 21th Century Economy,
May, 2007. Toward A National Innovation Account.pdf
"Innovation,
Intangibles And Economic Growth: Towards a Comprehensive Accounting of
the Knowledge Economy," Yearbook on Productivity 2007, Papers
Presented at the Saltsjobaden Conference, October
2007, Statistics Sweden, 2008, 127-146 (with Bart van Ark). In
a Preliminary Version: Innovation, Intangibles And Economic Growth.pdf
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PRODUCTIVITY ANALYSIS
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"Growth
Accounting," NBER Working Paper 15431, September 2008. Growth Accounting - NBER Working Paper 15431.pdf (revised
version of the paper in the Handbook of the
Economics of Innovation, Bronwyn H. Hall and Nathan Rosenberg (eds.),
Elsevier-North Holland,
"Total
Factor Productivity: A Short Biography," in New Developments
in Productivity Analysis, Charles R. Hulten, Edwin R. Dean, and
Michael J. Harper, eds., Studies in Income and Wealth, vol. 63, The
University of Chicago Press for the National Bureau of Economic Research,
Chicago, 2001, 1-47.
"Why
Development Levels Differ: The Sources of Differential Economic Growth in a
Panel of High and Low Income Countries," NBER Working Paper 13469, October
2007 (with Anders Isaksson). Why Development Levels Differ NBER WP 13469.pdf
"Welfare,
Productivity, and Holding Gains," with Paul Schreyer, OECD, August 2009.
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STATISTICAL METHDOLOGY AND POLICY
"On the Theory and Political Economy of Data: An Essay in Memory of Zvi Griliches," in Hard-To-Measure Goods and Services: Essays in Memory of Zvi Griliches,
Ernst R. Berndt and Charles R. Hulten, eds., Studies in Income and Wealth,
vol. 67, The University of Chicago Press for the National Bureau of Economic
Research, Chicago, 2007, 15-27.
"The Political Economy of Price
Measurement: At What Price and Beyond," paper presented at Price
Index Concepts and Measurement, Conference on Research in Income and Wealth
, Vancouver, B.C., June 28-29, 2004.
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INFRASTRUCTURE AND ECONOMIC DEVELOPMENT
"Does Infrastructure Investment Increase the Productivity of
Manufacturing Industry in the U.S.?" Econometrics and the Cost of Capital: Essays in Honor of Dale Jorgenson, Lawrence J. Lau, ed., M.I.T. Press, 2000, 143-164 (with
Robert Schwab). As NBER
Working Paper. Does
Infrastructure Increase Productivity in US NBER WP 4538.pdf
"Infrastructure, Externalities, and Economic Development: A Study of Indian Manufacturing Industry," World Bank Economic Review, Vol. 20,
No. 2, 2006, 291-308 (with Esra Bennathan and Sylaja Srinivasan).
As NBER Working
Paper.
Indian Manufacturing Industry - Elephant
or Tiger?, (with Sylaja Srinivasan),
NBER Working Paper 7441, December 1999. Indian
Manufacturing Industry - Elephant or Tiger.pdf
Infrastructure Effectiveness as a
Determinant of Economic Growth: How
Well You Use it May Be More Important than How Much You Have. NBER Working Paper 5847, December 1996 (revised December
2005). Infrastructure Effectiveness as a
Determinant of Economic Growth.pdf
Transportation
Infrastructure, Productivity, and Externalities, paper prepared for the 132nd Round
Table of the European Conference of Ministers of Transport, at the Joint
OECD/EMCT Transport Research Center, Paris, France, December 2 and 3, 2004. Revised version of paper published in
conference volume. Transportation Infrastructure,
Productivity, and Externalities.pdf
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MEASUREMENT OF CAPITAL
"The Measurement of Economic Depreciation," in Depreciation, Inflation, and the Taxation
of Income from Capital, Charles Hulten, ed., The Urban Institute,
Washington, D.C., 1981, 81-125 (with Frank C. Wykoff).
Original Hulten-Wykoff Economic Depreciation Study.pdf
"Energy, Obsolescence, and the Productivity Slowdown," in Technology and Capital Formation, Dale
W. Jorgenson and Ralph Landau, eds., M.I.T. Press, Cambridge, Massachusetts,
1989, 225-258. As NBER Working Paper. Energy,
Obsolescence, and the Productivity Slowdown NBER WP 2404.pdf
"The Measurement of Capital," in Fifty Years of Economic Measurement: The Jubilee of the Conference on
Research in Income and Wealth, Ernst R. Berndt and Jack E. Triplett,
eds., Studies in Income and Wealth, Vol. 54, The University of Chicago Press
for the National Bureau of Economic Research, Chicago, 1990, 119-152. The Measurement of Capital.pdf
"The 'Architecture of Capital Accounting: Basic Design Principles,"
in A New Architecture for the National
Accounts, Conference on Research in Income and Wealth, Dale Jorgenson,
Stephen Landefeld, and William Nordhaus, eds., Studies in Income and Wealth,
vol. 66, The University of Chicago Press for the National Bureau of Economic
Research, Chicago, 2006, 193-214. The
Architecture of Capital Accounting.pdf
"Getting Depreciation (Almost) Right," paper presented at the meeting
of the Canberra II Group in Paris, April 23-27, 2007. Getting
Economic Depreciation Almost Right.pdf
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NBER CONFERENCE ON RESEARCH ON INCOME AND
WEALTH:
The Conference on Research in Income and Wealth,
Program Report, NBER Reporter, Summer 2005, CRIW Program Report NBER Reporter.pdf
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