CHARLES REID HULTEN







ADDRESS:



9009 Brickyard Road Department of Economics

Potomac, MD 20854-1624 University of Maryland

(301) 765-3367 College Park MD 20742

(301) 405-3549 hulten@econ.bsos.umd.edu

BORN:



Eugene, Oregon: March 13, 1942





DEGREES:



A.B. (Statistics) University of California, Berkeley, 1965

Ph.D. (Economics) University of California, Berkeley, 1973





PRINCIPAL APPOINTMENTS:





Professor, Department of Economics, The University of Maryland, 1985-present (Chairman, 1985-1988)



Research Associate, National Bureau of Economic Research 1985-present



Senior Research Associate, The Urban Institute, 1978-1985

Assistant Professor, Department of Economics, Johns Hopkins University, 1971-1978





PROFESSIONAL SERVICE:



Chairman, Executive Committee, Conference on Research in Income and Wealth, 1985-present



Editorial Board, International Productivity Monitor



Member, Bureau of Economic Analysis Advisory Committee



Member, Committee on Economic Statistics of the American Economic Association.







PUBLICATIONS IN PROFESSIONAL JOURNALS:





Productivity Theory:





"Divisia Index Numbers," Econometrica, Vol. 41, No. 6, November 1973,

pp. 1017-25.



"Technical Change and the Reproducibility of Capital," American Economic Review, Vol. 65, No. 5, December 1975, pp. 956-965.



"Growth Accounting with Intermediate Inputs," Review of Economic

Studies, Vol. 45, No. 3, October 1978, pp. 511-518.



"On the 'Importance' of Productivity Change," American Economic Review, Vol. 69, No. 1, March 1979, pp. 126-135.



"Productivity Change, Capacity Utilization, and the Sources of Efficiency Growth," Journal of Econometrics, Vol. 33, 1986, pp. 31-50.



"Growth Accounting when Technical Change is Embodied in Capital," American Economic Review, Vol 82, No. 4, September 1992, pp. 964-980.



"Productivity Dynamics in Manufacturing Plants," Brookings Papers on Economic Activity, Microeconomics 1992, (with Martin N. Baily and David Campbell), pp.187-249.



"Accounting for the Wealth of Nations: The Net Versus Gross Output Controversy and its Ramifications," Scandinavian Journal of Economics, Vol. 94, Supplement, 1992, pp. 9-24.





Regional and International Productivity Measurement:





"The Sources of Japanese Economic Growth, 1955-71," Review of Economics and Statistics, Vol. 60, No. 3, August 1978, pp. 351-361 (with Mieko Nishimizu).



"Regional Productivity Growth in U.S. Manufacturing: 1951-1978," American Economic Review, Vol. 74, No. 1, March 1984, pp. 152-162 (with Robert M. Schwab).



Infrastructure and Public Sector Productivity:





"Productivity Change in State and Local Governments," Review of Economics and Statistics, May 1984, Vol. LXVI, No. 2, pp. 256-265.



"The Growth of the Public Capital Stock," American Economic Review, Vol. 74, No. 2, May 1984, pp. 166-173 (with George E. Peterson).



"Public Capital Formation and the Growth of Regional Manufacturing Industries," National Tax Journal, Vol. XLIV, No. 4, Part 1, December 1991, pp. 121-134 (with Robert M. Schwab).



"Infrastructure Spending: Where Do We Go From Here?" National Tax Journal, Vol. 46, No. 3, September 1993, 261-275 (with Robert M. Schwab).



"A Fiscal Federalism Approach to Infrastructure Policy," Regional Science and Urban Economics, 27, 1997, 139-159,(with Robert M. Schwab).









Measurement of Economic Depreciation:





"The Estimation of Economic Depreciation Using Vintage Asset Prices: An Application of the Box-Cox Power Transformation," Journal of Econometrics, Vol. 15, 1981, pp. 367-396 (with Frank C. Wykoff).



"Economic Depreciation and Accelerated Depreciation: An Empirical Analysis of the Conable-Jones 10-5-3 Proposal," National Tax Journal, Vol. 34, No. 1, March 1981, 45-60 (with Frank C. Wykoff).



"Issues in the Measurement of Economic Depreciation," Economic Inquiry

Vol. XXXIV, No. 1, January 1996, pp. 10-23.





Tax Policy:





"Economic Depreciation and Accelerated Depreciation: An Empirical Analysis of the Conable-Jones 10-5-3 Proposal," National Tax Journal, Vol. 34, No. 1, March 1981, pp. 45-60 (with Frank C. Wykoff).



"Tax Policy and the Investment Decision," American Economic Review, Vol. 74, No. 2, May 1984, pp. 236-241.



"The Taxation of High Technology Industries," National Tax Journal, September 1984, Vol. XXXVII, No. 3, pp. 327-346 (with James W. Robertson).



"A Haig-Simons Comprehensive Income Tax," National Tax Journal, Vol. XLIV, No. 1, March 1991, pp. 67-78 (with Robert M. Schwab).







CHAPTERS IN UNIVERSITY PRESS VOLUMES:



"Economic Depreciation and the Taxation of Structures in U.S. Manufacturing Industries: An Empirical Analysis," in The Measurement of Capital, Studies in Income and Wealth, Vol. 45, The University of Chicago Press for the National Bureau of Economic Research, Chicago, 1980, pp. 83-109 (with Frank C. Wykoff).



"Income Originating in the State and Local Sector," in Fiscal Federalism: Quantitative Studies, in Harvey Rosen, ed., University of Chicago Press for the National Bureau of Economic

Research, Chicago, 1988, pp. 215-254 (with Robert M. Schwab).



"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, pp. 225-258.



"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, pp. 119-152.

"Implications of BEA's Treatment of Computer Prices for Productivity Measurement," in Price Measurements and Their Uses, Murray F. Foss, Marilyn E. Manser, and Allan H. Young, eds., The University of Chicago Press for the National Bureau of Economic Research, Chicago, 1993, 359-362.



"Does Infrastructure Investment Increase the Productivity of Manufacturing Industry in the U.S.?" Economterics 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).



"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, pp. 1-47.



"Measuring Capital and Technology: An Expanded Framework," in Measuring Capital in the New Economy,  Conference on Research in Income and Wealth, Carol Corrado, John Haltiwanger and Dan Sichel, eds., forthcoming in conference volume (with Carol Corrado, and Dan Sichel).





ARTICLES IN HANDBOOKS AND DICTIONARIES:





"The Divisia Index," in The New Palgrave: A Dictionary of Economic Theory and Doctrine, John Eatwell, Murray Milgate and Peter Newman, eds., The Macmillan Press, London, 1987, pp. 899-900.



"Amortization," in The New Palgrave: A Dictionary of Economic Theory and Doctrine, John Eatwell, Murray Milgate and Peter Newman, eds., The Macmillan Press, London, 1987, pp. 88-89. Extended version in The New Palgrave Dictionary of Money and Finances.



"Depreciation Allowances," in The McGraw-Hill Encyclopedia of Economics, Douglas Greenwald, ed., McGraw-Hill, New York, 1994, 267-270.





BOOKS EDITED:





The Legacy of Reaganomics, Charles R. Hulten and Isabel V. Sawhill, eds., The Urban Institute Press, Washington, D.C., 1984 (with Isabel V. Sawhill).



Depreciation, Inflation, and the Taxation of Income from Capital, Charles Hulten, ed., The Urban Institute, Washington, D.C., 1981.





A Comparison of Productivity Growth in Japan and the Unites States, Charles R. Hulten, ed., Studies in Income and Wealth, Vol. 53, The University of Chicago Press for the National Bureau of Economic Research, Chicago, 1991.







New Developments in Productivity Analysis, Charles R. Hulten, Edwin R. Dean, and Michael J. Harper, eds., Studies in Income and Wealth, Studies in Income and Wealth, vol. 63, The University of Chicago Press for the National Bureau of Economic Research, Chicago, 2001.





SELECTED OTHER PUBLICATIONS:





"The Importance of Productivity Change in the Economic Growth of Nine Industrialized Countries," in Lagging Productivity Growth: Causes and Remedies, Shlomo Maital and Noah M. Meltz, eds., Ballinger, Cambridge, Mass., 1980, pp. 85-100 (with Mieko Nishimizu).



"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, 81-175 (with Frank C. Wykoff).



"Corporate Tax Policy and Economic Growth: An Analysis of the 1981 and 1982 Tax Acts," in Managerial Issues in Productivity Analysis, A. Dogramaci and N.R. Adam, eds., Studies in Productivity Analysis, Kluwer/Nijhoff Publishing, Boston/Dordrecht/Lancaster, 1985, pp. 5-48 (with James W. Robertson).



"Investment Incentives" in The Uneasy Compromise: Problems of a Hybrid Income-Consumption Tax, Henry Aaron, Harvey Galper, and Joseph Pechman, eds., The Brookings Institution, Washington, D.C., 1988, pp. 317-337 (with Robert A. Klayman).



"Infrastructure and the Economy," in J.M. Pogozinski, ed., Readings in Public Policy, Blackwell Publishers, Cambridge, 1995, 213-234 (with Robert M. Schwab).



"Capital and Wealth in the Revised SNA," in The New Standard System of National Accounts, John W. Kendrick, ed., Kluwer Academic Publishers, Boston, 1995, 149-181.

"Quality Change in the CPI," Federal Reserve Bank of St. Louis Review, May-June 1997.



"Price Hedonics: A Critical Review," Economic Policy Review, Federal Reserve Bank of New York, vol. 9, no. 3, September 2003, pp 5-15.











GRANTS:





1. National Science Foundation, Division of Applied Research, Grant No. DAR 7909185, "The Sources of Japanese Saving and Growth," 1979-81 (co-principal investigator).



2. National Science Foundation, Division of Social and Economic Science, Grant No. SES-8014967, "The Measurement of Public Sector Productivity," 1981-82.



3. National Science Foundation, Division of Policy Research and Analysis, No. 83-GB-0009, "Differential Effects of the Accelerated Cost Recovery System on Investment," 1983 (principal investigator).



4. National Science Foundation, Division of Policy Research and Analysis, No. PRA-8413134, "Tax Policy, R&D, and Innovation," 1984 (principal investigator).



5. National Science Foundation, Division of Social and Economic Science, Grant No. SES-9009309, "Regional Economic Growth in U.S. Manufacturing Industries," 1990.

6. National Science Foundation, Division of Social and Economic Science, Grant No. SBR-9730608, "New Directions in Productivity Analysis," 1998



7. National Science Foundation, Division of Social and Economic

Science, Grant No. SES-0322213, "The Paths Ahead: Essays in Honor

Of Zvi Griliches," 2003 (with Ernst Berndt)



TESTIMONY:





1. President's Commission on Industrial Competitiveness, Capital Resources Committee, February 23, 1984.



2. U.S. House of Representatives, Subcommittee on Economic Stabilization, Committee on Banking, Finance and Urban Affairs, March 28, 1985.



3. U.S. House of Representatives, Committee on Ways and Means, June 11, 1985.



4. U.S. House of Representatives, Committee on Public Works and Transportation, Washington, D.C. (Roundtable Discussion with members), March 30, 1990



5. U.S. House of Representatives, Committee on Banking, Finance, and Urban Affairs, Serial No. 101-117, Washington, D.C., May 8, 1990



6. U.S. House of Representatives, Committee on Appropriations, Transportation Subcommittee, Washington, D.C., February 4, 1993



7. U.S. House of Representatives, Committee on Appropriations, Transportation Subcommittee, Washington, D.C., February 24, 1993



8. U.S. House of Representatives, Committee on Government Reform and Oversight, Subcommittee on Human Resources and Intergovernmental Relations, Washington, D.C., April 30, 1997