Accounting For Slower Economic Growth
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Accounting For Slower Economic Growth
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Author : Edward F. Denison
language : en
Publisher: Brookings Institution Press
Release Date : 2010-12-01
Accounting For Slower Economic Growth written by Edward F. Denison and has been published by Brookings Institution Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-12-01 with Business & Economics categories.
Accounting for Slower Economic Growth examines labor productivity and productivity accounting during the 1970s in the United States.
Accounting For Slower Economic Growth
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Author : Edward Fulton Denison
language : en
Publisher: Brookings Institution Press
Release Date : 1979
Accounting For Slower Economic Growth written by Edward Fulton Denison and has been published by Brookings Institution Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1979 with History categories.
Accounting for Slower Economic Growth examines labor productivity and productivity accounting during the 1970s in the United States.
Trends In American Economic Growth
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Author : Edward Denison
language : en
Publisher: Brookings Institution Press
Release Date : 2011-10-01
Trends In American Economic Growth written by Edward Denison and has been published by Brookings Institution Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-10-01 with Business & Economics categories.
The growth rate of national income has fluctuated widely in the United States since 1929. In this volume, Edward F. Denison uses the growth accounting methodology he pioneered and refined in earlier studies to track changes in the trend of output and its determinants. At every step he systematically distinguishes changes in the economy’s ability to produce—as measured by his series on potential national income—from changes in the ratio of actual output to potential output. Using data for earlier years as a backdrop, Denison focuses on the dramatic decline in the growth of potential national income that started in 1974 and was further accentuated beginning in 1980, and on the pronounced decline from business cycle to business cycle in the average ratio of actual to potential output, a slide under way since 1969. The decline in growth rates has been especially pronounced in national income per person employed and other productivity measures as growth of total output has slowed despite a sharp acceleration in growth of employment and total hours at work. Denison organizes his discussion around eight table that divide 1929-82 into three long periods (the last, 1973-82) and seven shorter periods (the most recent, 1973-79 and 1979-82). These tables provide estimates of the sources of growth for eight output measures in each period. Denison stresses that the 1973-82 period of slow growth in unfinished. He observes no improvement in the productivity trend, only a weak cyclical recovery from a 1982 low. Sources-of-growth tables isolate the contributions made to growth between “input” and “output per unit of input.” Even so, it is not possible to quantify separately the contribution of all determinants, and Denison evaluates qualitatively the effects of other developments on the productivity slowdown.
Accounting For United States Economic Growth 1929 1969
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Author : Edward Fulton Denison
language : en
Publisher: Washington : Brookings Institution
Release Date : 1974
Accounting For United States Economic Growth 1929 1969 written by Edward Fulton Denison and has been published by Washington : Brookings Institution this book supported file pdf, txt, epub, kindle and other format this book has been release on 1974 with Business & Economics categories.
Fully Grown
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Author : Dietrich Vollrath
language : en
Publisher: University of Chicago Press
Release Date : 2022-06-24
Fully Grown written by Dietrich Vollrath and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-06-24 with Business & Economics categories.
Vollrath challenges our long-held assumption that growth is the best indicator of an economy’s health. Most economists would agree that a thriving economy is synonymous with GDP growth. The more we produce and consume, the higher our living standard and the more resources available to the public. This means that our current era, in which growth has slowed substantially from its postwar highs, has raised alarm bells. But should it? Is growth actually the best way to measure economic success—and does our slowdown indicate economic problems? The counterintuitive answer Dietrich Vollrath offers is: No. Looking at the same facts as other economists, he offers a radically different interpretation. Rather than a sign of economic failure, he argues, our current slowdown is, in fact, a sign of our widespread economic success. Our powerful economy has already supplied so much of the necessary stuff of modern life, brought us so much comfort, security, and luxury, that we have turned to new forms of production and consumption that increase our well-being but do not contribute to growth in GDP. In Fully Grown, Vollrath offers a powerful case to support that argument. He explores a number of important trends in the US economy: including a decrease in the number of workers relative to the population, a shift from a goods-driven economy to a services-driven one, and a decline in geographic mobility. In each case, he shows how their economic effects could be read as a sign of success, even though they each act as a brake of GDP growth. He also reveals what growth measurement can and cannot tell us—which factors are rightly correlated with economic success, which tell us nothing about significant changes in the economy, and which fall into a conspicuously gray area. Sure to be controversial, Fully Grown will reset the terms of economic debate and help us think anew about what a successful economy looks like.
Rapid Growth In Transition Economies
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Author : Garbis Iradian
language : en
Publisher: International Monetary Fund
Release Date : 2007-07
Rapid Growth In Transition Economies written by Garbis Iradian and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-07 with Business & Economics categories.
This paper uses the growth-accounting approach to determine the sources of growth in transition economies. The central conclusion is that the estimated total factor productivity (TFP) growth for the former Soviet Union republics were significantly higher than other fast growing economies. A key question for prospective growth is whether the TFP gains achieved thus far have already eliminated most of the inefficiencies of central planning-and will therefore soon fade away. Underutilized labor combined with the recent trend of faster capital accumulation may play a more important role in the medium-term growth.
Economic Growth In Europe
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Author : Marcel P. Timmer
language : en
Publisher: Cambridge University Press
Release Date : 2010-10-28
Economic Growth In Europe written by Marcel P. Timmer and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-10-28 with Business & Economics categories.
Why has European growth slowed down since the 1990s while American productivity growth has speeded up? This book provides a thorough and detailed analysis of the sources of growth from a comparative industry perspective. It argues that Europe's slow growth is the combined result of a severe productivity slowdown in traditional manufacturing and other goods production, and a concomitant failure to invest in and reap the benefits from Information and Communications Technology (ICT), in particular in market services. The analysis is based on rich new databases including the EU KLEMS growth accounting database and provides detailed background of the data construction. As such, the book provides new methodological perspectives and serves as a primer on the use of data in economic growth analysis. More generally, it illustrates to the research and policy community the benefits of analysis based on detailed data on the sources of economic growth.
The Cost Of Covid 19 On The Indonesian Economy A Social Accounting Matrix Sam Multiplier Approach
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Author : Pradesha, Angga
language : en
Publisher: Intl Food Policy Res Inst
Release Date : 2020-07-30
The Cost Of Covid 19 On The Indonesian Economy A Social Accounting Matrix Sam Multiplier Approach written by Pradesha, Angga and has been published by Intl Food Policy Res Inst this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-07-30 with Political Science categories.
Sustained economic growth and a declining trend in poverty over the years in Indonesia potentially will come to a halt this year. This development cost comes as a result of the COVID-19 pandemic outbreak that recently hit the country. Like in many other countries, one of the largest costs of COVID-19 comes from the social distancing policy, which is a proven public health measure to reduce the spread of the virus by limiting people’s movements and interactions for a certain period of time. The government of Indonesia adopted this approach by gradually introducing in certain regions the Large-scale Social Restriction (PSBB) policy from early April 2020. PSBB restricts non-essential economic activities and people’s movement in order to contain the virus. IFPRI, the National Development Planning Agency of Indonesia (BAPPENAS), and IPB University used a SAM multiplier model to measure the economic impact of PSBB if restrictions were to be in place for four weeks and to explore potential recovery processes after the policy ends. Some of the key findings were: • National GDP is estimated to fall by 24 percent during the four-week PSBB period, • External sector shocks – reduced export demand, lower remittances, and lower foreign investments – contribute around one-third of total GDP losses; • The GDP of Indonesia’s agri-food system falls by 13 percent despite agriculture activities being excluded from restrictive measures; • National poverty is expected to jump by 13 percentage points – an additional 36 million people will fall into poverty during the four-week PSBB period; and • By the end of 2020, due to COVID-19 the annual GDP growth is expected to be between 5.3 and 7.3 percent lower than under a baseline scenario without COVID-19.
Slower Growth In The Western World
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Author : Social Science Research Council (Great Britain)
language : en
Publisher: London : Heinemann
Release Date : 1982
Slower Growth In The Western World written by Social Science Research Council (Great Britain) and has been published by London : Heinemann this book supported file pdf, txt, epub, kindle and other format this book has been release on 1982 with Business & Economics categories.
Economic analysis of the fall in growth rate and productivity in developed countries since 1973 - compares productivity trends in the 1960s and 1970s; considers the role of demand, inflation, changes in relative prices of primary commoditys and petroleum, rate of capital formation and profitability; examines structural changes in the world economy and state interventions; sets up econometric models for OECD countries; estimates economic recession. Diagrams and statistical tables.
Trends In American Economic Growth 1929 1982
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Author : Edward Fulton Denison
language : en
Publisher: Washington, D.C. : Brookings Institution
Release Date : 1985
Trends In American Economic Growth 1929 1982 written by Edward Fulton Denison and has been published by Washington, D.C. : Brookings Institution this book supported file pdf, txt, epub, kindle and other format this book has been release on 1985 with United States categories.