Productivity And U S Economic Growth
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Productivity Postwar U S Economic Growth
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Author : Dale Weldeau Jorgenson
language : en
Publisher: MIT Press
Release Date : 1995
Productivity Postwar U S Economic Growth written by Dale Weldeau Jorgenson and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Business & Economics categories.
Postwar US Economic Growth traces the outstanding postwarperformance of the US economy to investments in tangible assets and human capital.
Productivity And U S Economic Growth
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Author : Dale Jorgenson
language : en
Publisher: Elsevier
Release Date : 2016-01-26
Productivity And U S Economic Growth written by Dale Jorgenson and has been published by Elsevier this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-01-26 with Business & Economics categories.
Between 1948 and 1979, economic activity in the United States increased almost twice as much as over the entire preceding course of American history. The traditional explanation of this remarkable development emphasizes productivity growth. In the most sophisticated study to date of the factors currently affecting economic growth, the authors of this book show that capital formation is far more important, with the growth of labor resources and productivity a distant second. Their conclusions rest on a far more detailed empirical base than any ever assembled in studies of economic growth. For example, the authors distinguish among 81,600 types of labor input – broken down by age, sex, education, occupation, and industry of employment. Similarly, they disaggregate capital by industry, class of asset, and tax treatment. Their analysis of economic growth is from the ``bottom up'' rather than the ``top down'' approach used in earlier work. The new findings imply that efforts to revive U.S. economic growth must focus on increased supplies of capital and labor inputs. This is the key to more rapid growth and international competition. One of the most important features of the book is the way in which it successfully integrates the theory of producer behavior with the indexing and measurement of production growth. The authors present startling new findings showing that less than one-fourth of overall growth is attributable to advances in productivity.
Productivity
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Author : Dale W. Jorgenson
language : en
Publisher:
Release Date : 1996
Productivity written by Dale W. Jorgenson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with categories.
Productivity In The U S Services Sector
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Author : Jack E. Triplett
language : en
Publisher: Rowman & Littlefield
Release Date : 2004-09-21
Productivity In The U S Services Sector written by Jack E. Triplett and has been published by Rowman & Littlefield this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-09-21 with Business & Economics categories.
The services industries—which include jobs ranging from flipping hamburgers to providing investment advice—can no longer be characterized, as they have in the past, as a stagnant sector marked by low productivity growth. They have emerged as one of the most dynamic and innovative segments of the U.S. economy, now accounting for more than three-quarters of gross domestic product. During the 1990s, 19 million additional jobs were created in this sector, while growth was stagnant in the goods-producing sector. Here, Jack Triplett and Barry Bosworth analyze services sector productivity, demonstrating that fundamental changes have taken place in this sector of the U.S. economy. They show that growth in the services industries fueled the post-1995 expansion in the U.S. productivity and assess the role of information technology in transforming and accelerating services productivity. In addition to their findings for the services sector as a whole, they include separate chapters for a diverse range of industries within the sector, including transportation and communications, wholesale and retail trade, and finance and insurance. The authors also examine productivity measurement issues, chiefly statistical methods for measuring services industry output. They highlight the importance of making improvements within the U.S. statistical system to provide the more accurate and relevant measures essential for analyzing productivity and economic growth.
The Economics Of Productivity
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Author : Dale Weldeau Jorgenson
language : en
Publisher: Edward Elgar Publishing
Release Date : 2009
The Economics Of Productivity written by Dale Weldeau Jorgenson and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Economic development categories.
The remarkable behavior of information technology prices provides the key to the resurgence of productivity growth in the USA and the world economy. This title presents the contemporary framework for productivity measurement that focuses on the impact of information technology on economic growth.
The American Economy
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Author : United States. Panel on the American Economy: Employment, Productivity, and Inflation
language : en
Publisher:
Release Date : 1981
The American Economy written by United States. Panel on the American Economy: Employment, Productivity, and Inflation and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1981 with Industrial productivity categories.
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.
U S Productivity Growth
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Author : Rolf Piekarz
language : en
Publisher:
Release Date : 1974
U S Productivity Growth written by Rolf Piekarz and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1974 with Labor productivity categories.
Measuring And Sustaining The New Economy
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Author : National Research Council
language : en
Publisher: National Academies Press
Release Date : 2002-03-08
Measuring And Sustaining The New Economy written by National Research Council and has been published by National Academies Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-03-08 with Political Science categories.
Sustaining the New Economy will require public policies that remain relevant to the rapid technological changes that characterize it. While data and its timely analysis are key to effective policy-making, we do not yet have adequate statistical images capturing changes in productivity and growth brought about by the information technology revolution. This report on a STEP workshop highlights the need for more information and the challenges faced in measuring the New Economy and sustaining its growth.
Productivity Growth And The Competitiveness Of The American Economy
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Author : Stanley W. Black
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Productivity Growth And The Competitiveness Of The American Economy written by Stanley W. Black and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
swollen with deutschemarks and yen newly created to purchase unwanted dollars from the markets. When the Bundesbank and the Bank of Japan began to raise their interest rates to slow domestic monetary expansion, the fabric of international monetary cooperation began to unravel. Amid charge and counter-charge by disgruntled fmance ministers, the dollar dropped further and interest rates jumped upward, leading to panic in the stock market on Black Monday. Fortunately, a steady hand and generous supply of credit from the Federal Reserve System prevented massive bankruptcies among Wall Street brokerage houses and a collapse of the credit system. But the world-wide reverberations of the Wall Street crash exposed the underlying weaknesses of an economy based on foreign borrowing for all to see. Furthermore, the banking system is saddled with mountains of bad debts from the Third World and depressed parts of the American economy. A new Administration entering office in 1989 must deal with these problems, among others. Businesses and state and local governments need to know whether to focus their efforts on tax policy, investment, and improvements in education and worker training, or lobbying for protection from imports. The papers in this volume were chosen to explain the causes of present competitive problems in American industry and the factors that can lead to their gradual solution.