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Author : Dale Weldeau Jorgenson
Publisher : MIT Press
Page : 476 pages
File Size : 41,8 Mb
Release : 1995
Category : Business & Economics
ISBN : 0262100495
Postwar US Economic Growth traces the outstanding postwarperformance of the US economy to investments in tangible assets and human capital.
Author : Dale W. Jorgenson
Publisher : Unknown
Page : 128 pages
File Size : 48,6 Mb
Release : 1996
Category : Electronic
ISBN : OCLC:929263415
Author : Edward N. Wolff
Publisher : Cambridge University Press
Page : 215 pages
File Size : 47,6 Mb
Release : 1987
Category : Business & Economics
ISBN : 9780521251518
Reveals that the high level of unproductivity in the U.S. economy since World War II has been a significant factor in the slowdown of growth in the rate of capital accumulation, productivity growth, and the overall growth rate. Attributes the negative tendency to the gradual but persistent shift of resources to unproductive activities.
Author : Edward N. Wolff
Publisher : Cambridge University Press
Page : 216 pages
File Size : 54,9 Mb
Release : 2006-12-14
Category : Business & Economics
ISBN : 0521034752
This book documents the growth of unproductive activity in the United States economy since World War II and its relation to the economic surplus, capital accumulation, and economic growth. Unproductive activities broadly consist of those involved in the circulation process, including wholesaling and retailing, banking and financial services, advertising, legal services, business services and many (though not all) government activities. The results indicate that the level of unproductive activity in the postwar economy has been a significant factor in the slowdown in the rate of capital accumulation, productivity growth and the overall growth rate. Here, the villain is shown to be the gradual but persistent shift of resources to unproductive activities. The consequence has been a reduction in new capital formation and productivity growth and an erosion in the rate of growth in per capita living standards. Moreover, the rise in unproductive activity is itself seen to be rooted in the logic of advanced capitalism. The forces of competition, which in the early stages of capitalism lead to rapid technical change and productivity growth, promote non-productive and even counterproductive activities in its more advanced stages.
Author : John W. Kendrick
Publisher : Unknown
Page : 398 pages
File Size : 50,7 Mb
Release : 1973
Category : Business & Economics
ISBN : 0870142402
Input output analysis of national and sectoral productivity trends in the USA for the period 1948 to 1969 - includes a detailed description of the data sources and methodology, and covers the industrial sector, the agricultural sector, the public sector and the private sector. References and statistical tables.
Author : Dale Jorgenson,F.M. Gollop,B. Fraumeni
Publisher : Elsevier
Page : 576 pages
File Size : 41,7 Mb
Release : 2016-01-26
Category : Business & Economics
ISBN : 9781483295879
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.
Author : United States. Bureau of Labor Statistics
Publisher : Unknown
Page : 80 pages
File Size : 44,9 Mb
Release : 1957
Category : Industrial statistics
ISBN : PSU:000025169683
Author : Dale Weldeau Jorgenson
Publisher : MIT Press
Page : 516 pages
File Size : 53,9 Mb
Release : 1995
Category : Business & Economics
ISBN : 0262100509
These two volumes present empirical studies that have permanently altered professional debates over investment and productivity as sources of postwar economic growth in industrialized countries. The distinctive feature of investment is that returns can be internalized by the investor. The most straightforward application of this idea is to investments that create property rights, but these volumes broaden the meaning of capital formation to include investments in education and training. International Comparisons of Economic Growth focuses on comparisons among industrialized countries. Although Germany and Japan are often portrayed as economic adversaries of the U.S., postwar experiences in all three countries support policies that give high priority to stimulating and rewarding capital formation. In the Asian model of growth exemplified by Japan investments in tangible assets and human capital are especially critical during periods of rapid growth.
Author : Bart van Ark,Simon K. Kuipers,Gerard H. Kuper
Publisher : Springer Science & Business Media
Page : 408 pages
File Size : 46,6 Mb
Release : 2013-03-09
Category : Business & Economics
ISBN : 9781475731613
Productivity, Technology and Economic Growth presents a selection of recent research advances on long term economic growth. While the contributions stem from both economic history, macro- and microeconomics and the economics of innovation, all papers depart from a common viewpoint: the key factor behind long term growth is productivity, and the latter is primarily driven by technological change. Most contributions show implicitly or explicitly that technological change is at least partly dependent on growth itself. Furthermore, technology appears to interact strongly with investment in physical and human capital as well as with changes in historical, political and institutional settings. Together these papers are an up-to-date account of the remarkable convergence in theoretical and empirical work on productivity and growth over the past decades. The first part deals with the characteristics of growth regimes over longer periods, ranging from 20 years to two centuries. The next four chapters study the determinants of productivity growth and, in some cases, productivity slowdown during the last quarter of the twentieth century. The final five chapters focus on the role of technology and innovation as the key determinants of growth. Productivity, Technology and Economic Growth is, therefore, a welcome collection for academic scholars and graduate students in economics, history and related social sciences as well as for policy makers.
Author : John W. Kendrick
Publisher : Unknown
Page : 0 pages
File Size : 50,8 Mb
Release : 1973
Category : Electronic
ISBN : 0598172882
Author : Jack E. Triplett,Barry P. Bosworth
Publisher : Rowman & Littlefield
Page : 420 pages
File Size : 40,8 Mb
Release : 2004-09-21
Category : Business & Economics
ISBN : 0815796633
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.
Author : United States. Panel on the American Economy: Employment, Productivity, and Inflation
Publisher : Unknown
Page : 100 pages
File Size : 41,6 Mb
Release : 1981
Category : Industrial productivity
ISBN : UIUC:30112070967408
Author : Peter Nathan Ireland,Scott Schuh
Publisher : Unknown
Page : 56 pages
File Size : 54,5 Mb
Release : 2007
Category : Business cycles
ISBN : PSU:000062621762
A two-sector real business cycle model, estimated with postwar U.S. data, identifies shocks to the levels and growth rates of total factor productivity in distinct consumption- and investment-goods-producing technologies. This model attributes most of the productivity slowdown of the 1970s to the consumption-goods sector; it suggests that a slowdown in the investment-goods sector occurred later and was much less persistent. Against this broader backdrop, the model interprets the more recent episode of robust investment and investment-specific technological change during the 1990s largely as a catch-up in levels that is unlikely to persist or be repeated anytime soon.
Author : Committee for Economic Development
Publisher : New York : Oxford University Press
Page : 248 pages
File Size : 49,5 Mb
Release : 1985
Category : Business & Economics
ISBN : STANFORD:36105039849117
This collection of essays, written by a distinguished team of economists working with the Committee for Economic Development, provides an empirical analysis of this country's productivity problems as well as concrete recommendation for their solution. This collection of papers by leading economic authorities investigates an important topic - the slowdown in U.S. productivity. Individual papers discuss the dimensions of the economic problem, draw comparisons with other economies, especially Japan's, and suggest ways to increase U.S. productivity.
Author : Fred Moseley
Publisher : Unknown
Page : 234 pages
File Size : 48,9 Mb
Release : 1991
Category : Capitalism
ISBN : UCAL:B4401897
