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By Richard G. Lipsey, Alice O. Nakumura

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The domestication of plants — 10,000 BC; 2. The domestication of animals — 8,000 BC; 3. Smelting of ore — 8,000-7,000 BC; 4. Pottery7 — 6,000 BC; 5. The wheel — 5,000 BC; 6.

3, Proceedings of the Bell Canada Conference at Queen’ s University, (Kingston: John Deutsch Institute), pp. 9-75. , Clifford Bekar, and Kenneth I. Carlaw. 1998a. ). General Purpose Technologies and Economic Growth. Cambridge, MA: MIT Press, pp. 15-54. ————. 1998b. ). General Purpose Technologies and Economic Growth. Cambridge, MA: MIT Press, pp. 194-218. , and Kenneth I. Carlaw. 1996. ). The Implications of Knowledge-Based Growth for Micro-Economic Policies. Industry Canada Research Series. Calgary: University of Calgary Press, pp.

The input price index PT* is defined in a similar manner. The implicit Törnqvist output quantity index, Q~ , is defined by T 20 * (R t / R s ) / PT Q~ , and the implicit Törnqvist input quantity index, Q~ , is deT T * fined analogously using the cost ratio and PT . The implicit Törnqvist output price index, P~ , is given by (R t / R s ) / QT P~ , and the implicit Törnqvist input T T * price index, P~ , is defined analogously. T Diewert coined the term “ superlative”to describe an index number functional form that is “ exact”in that it can be derived algebraically from a producer or consumer behavioural equation that satisfies Diewert’ s flexibility criterion: it can provide a second-order approximation to twice continuously differentiable linearly homogeneous function.

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