U S Economic Growth

Author : Charles R. Hulten,Valerie A. Ramey
Publisher : University of Chicago Press
Page : 528 pages
File Size : 51,9 Mb
Release : 2018-12-26
Category : Business & Economics
ISBN : 9780226567808

Get Book

Education, Skills, and Technical Change by Charles R. Hulten,Valerie A. Ramey Pdf

Over the past few decades, US business and industry have been transformed by the advances and redundancies produced by the knowledge economy. The workplace has changed, and much of the work differs from that performed by previous generations. Can human capital accumulation in the United States keep pace with the evolving demands placed on it, and how can the workforce of tomorrow acquire the skills and competencies that are most in demand? Education, Skills, and Technical Change explores various facets of these questions and provides an overview of educational attainment in the United States and the channels through which labor force skills and education affect GDP growth. Contributors to this volume focus on a range of educational and training institutions and bring new data to bear on how we understand the role of college and vocational education and the size and nature of the skills gap. This work links a range of research areas—such as growth accounting, skill development, higher education, and immigration—and also examines how well students are being prepared for the current and future world of work.

Author : The Bush Institute
Publisher : Currency
Page : 370 pages
File Size : 45,5 Mb
Release : 2012-07-17
Category : Business & Economics
ISBN : 9780307986146

Get Book

The 4% Solution by The Bush Institute Pdf

Foreword by President George W. Bush With contributions from world renowned economists and Nobel prizewinners, The 4% Solution is a blueprint for restoring America’s economic health The United States is reaching a pivotal point in its economic history. Millions of Americans owe more on their homes than they are worth, long-term unemployment is alarmingly high, and the Congressional Budget Office is projecting a sustainable growth rate of only 2.3%—a full percentage point below the average for the past sixty years. Unless a turnaround comes quickly, the United States could be mired in debt for years to come and millions of Americans will be pushed to the sidelines of the economy. The 4% Solution offers clear and unflinching ideas on how to revive America’s economy. It sets a positive economic goal and asks some of the top economic minds on how to achieve it. With a focus on removing government constraints, The 4% Solution defines the policies that will allow Americans to save, invest, and create the jobs that the United States needs. The 4% Solution draws on the best minds in the business, including five Nobel laureates: · Robert E. Lucas, Jr., on the history and future of economic growth · Gary S. Becker on why we need immigrants in order to grow · Edward Prescott on the cost (to growth) of the welfare state · Vernon Smith on why housing leads us into and out of recessions · Myron Scholes on why we need to innovate in order to grow the economy

Author : Robert J. Gordon
Publisher : Princeton University Press
Page : 785 pages
File Size : 51,5 Mb
Release : 2017-08-29
Category : Business & Economics
ISBN : 9781400888955

Get Book

The Rise and Fall of American Growth by Robert J. Gordon Pdf

How America's high standard of living came to be and why future growth is under threat In the century after the Civil War, an economic revolution improved the American standard of living in ways previously unimaginable. Electric lighting, indoor plumbing, motor vehicles, air travel, and television transformed households and workplaces. But has that era of unprecedented growth come to an end? Weaving together a vivid narrative, historical anecdotes, and economic analysis, The Rise and Fall of American Growth challenges the view that economic growth will continue unabated, and demonstrates that the life-altering scale of innovations between 1870 and 1970 cannot be repeated. Gordon contends that the nation's productivity growth will be further held back by the headwinds of rising inequality, stagnating education, an aging population, and the rising debt of college students and the federal government, and that we must find new solutions. A critical voice in the most pressing debates of our time, The Rise and Fall of American Growth is at once a tribute to a century of radical change and a harbinger of tougher times to come.

Author : United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on International Trade, Investment, and Monetary Policy
Publisher : Unknown
Page : 336 pages
File Size : 54,5 Mb
Release : 1984
Category : Dollar, American
ISBN : PURD:32754066835236

Get Book

Foreign Exchange Value of the Dollar by United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on International Trade, Investment, and Monetary Policy Pdf

Author : Dale Jorgenson,F.M. Gollop,B. Fraumeni
Publisher : Elsevier
Page : 576 pages
File Size : 43,5 Mb
Release : 2016-01-26
Category : Business & Economics
ISBN : 9781483295879

Get Book

Productivity and U.S. Economic Growth by Dale Jorgenson,F.M. Gollop,B. Fraumeni Pdf

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 : Jonathan Gruber,Simon Johnson
Publisher : PublicAffairs
Page : 344 pages
File Size : 40,5 Mb
Release : 2019-04-09
Category : Business & Economics
ISBN : 9781541762503

Get Book

Jump-Starting America by Jonathan Gruber,Simon Johnson Pdf

The untold story of how America once created the most successful economy the world has ever seen—and how we can do it again. The American economy glitters on the outside, but the reality is quite different. Job opportunities and economic growth are increasingly concentrated in a few crowded coastal enclaves. Corporations and investors are disproportionately developing technologies that benefit the wealthiest Americans in the most prosperous areas -- and destroying middle class jobs elsewhere. To turn this tide, we must look to a brilliant and all-but-forgotten American success story and embark on a plan that will create the industries of the future -- and the jobs that go with them. Beginning in 1940, massive public investment generated breakthroughs in science and technology that first helped win WWII and then created the most successful economy the world has ever seen. Private enterprise then built on these breakthroughs to create new industries -- such as radar, jet engines, digital computers, mobile telecommunications, life-saving medicines, and the internet-- that became the catalyst for broader economic growth that generated millions of good jobs. We lifted almost all boats, not just the yachts. Jonathan Gruber and Simon Johnson tell the story of this first American growth engine and provide the blueprint for a second. It's a visionary, pragmatic, sure-to-be controversial plan that will lead to job growth and a new American economy in places now left behind.

Author : Josh Bivens
Publisher : Cornell University Press
Page : 120 pages
File Size : 49,7 Mb
Release : 2011-02-15
Category : Business & Economics
ISBN : 0801461138

Get Book

Failure by Design by Josh Bivens Pdf

In Failure by Design, the Economic Policy Institute’s Josh Bivens takes a step back from the acclaimed State of Working America series, building on its wealth of data to relate a compelling narrative of the U.S. economy’s struggle to emerge from the Great Recession of 2008. Bivens explains the causes and impact on working Americans of the most catastrophic economic policy failure since the 1920s. As outlined clearly here, economic growth since the late 1970s has been slow and inequitably distributed, largely as a result of poor policy choices. These choices only got worse in the 2000s, leading to an anemic economic expansion. What growth we did see in the economy was fueled by staggering increases in private-sector debt and a housing bubble that artificially inflated wealth by trillions of dollars. As had been predicted, the bursting of the housing bubble had disastrous consequences for the broader economy, spurring a financial crisis and a rise in joblessness that dwarfed those resulting from any recession since the Great Depression. The fallout from the Great Recession makes it near certain that there will be yet another lost decade of income growth for typical families, whose incomes had not been boosted by the previous decade’s sluggish and localized economic expansion. In its broad narrative of how the economy has failed to deliver for most Americans over much of the past three decades, Failure by Design also offers compelling graphic evidence on jobs, incomes, wages, and other measures of economic well-being most relevant to low- and middle-income workers. Josh Bivens tracks these trends carefully, giving a lesson in economic history that is readable yet rigorous in its analysis. Intended as both a stand-alone volume and a companion to the new State of Working America website that presents all of the data underlying this cogent analysis, Failure by Design will become required reading as a road map to the economic problems that confront working Americans.

Author : Tim Jackson
Publisher : Taylor & Francis
Page : 310 pages
File Size : 45,6 Mb
Release : 2016-12-08
Category : Business & Economics
ISBN : 9781317388227

Get Book

Prosperity without Growth by Tim Jackson Pdf

What can prosperity possibly mean in a world of environmental and social limits? The publication of Prosperity without Growth was a landmark in the sustainability debate. Tim Jackson’s piercing challenge to conventional economics openly questioned the most highly prized goal of politicians and economists alike: the continued pursuit of exponential economic growth. Its findings provoked controversy, inspired debate and led to a new wave of research building on its arguments and conclusions. This substantially revised and re-written edition updates those arguments and considerably expands upon them. Jackson demonstrates that building a ‘post-growth’ economy is a precise, definable and meaningful task. Starting from clear first principles, he sets out the dimensions of that task: the nature of enterprise; the quality of our working lives; the structure of investment; and the role of the money supply. He shows how the economy of tomorrow may be transformed in ways that protect employment, facilitate social investment, reduce inequality and deliver both ecological and financial stability. Seven years after it was first published, Prosperity without Growth is no longer a radical narrative whispered by a marginal fringe, but an essential vision of social progress in a post-crisis world. Fulfilling that vision is simply the most urgent task of our times.

Author : John W. Diamond,George R. Zodrow
Publisher : Unknown
Page : 128 pages
File Size : 53,9 Mb
Release : 2021
Category : BUSINESS & ECONOMICS
ISBN : 110885608X

Get Book

Prospects for Economic Growth in the United States by John W. Diamond,George R. Zodrow Pdf

"This volume brings together a distinguished group of world-renowned economists to explore the challenges of maintaining vigorous economic growth in the United States, including issues related to demographics, social insurance programs, technological progress, human capital accumulation, immigration, income inequality, financial institutions, and fiscal policy. The volume consists of a set of papers that were presented at a conference on the "Prospects for Economic Growth in the United States," which was one of a series of events celebrating the 25th anniversary of Rice University's Baker Institute for Public Policy. The conference was sponsored by the Baker Institute's Center for Public Finance and held at Rice on December 6-7, 2018"--

Author : Alexander J. Field
Publisher : Yale University Press
Page : 399 pages
File Size : 42,8 Mb
Release : 2011-04-26
Category : Business & Economics
ISBN : 9780300168754

Get Book

A Great Leap Forward by Alexander J. Field Pdf

This bold re-examination of the history of U.S. economic growth is built around a novel claim, that productive capacity grew dramatically across the Depression years (1929-1941) and that this advance provided the foundation for the economic and military success of the United States during the Second World War as well as for the golden age (1948-1973) that followed.Alexander J. Field takes a fresh look at growth data and concludes that, behind a backdrop of double-digit unemployment, the 1930s actually experienced very high rates of technological and organizational innovation, fueled by the maturing of a privately funded research and development system and the government-funded build-out of the country's surface road infrastructure. This significant new volume in the Yale Series in Economic and Financial History invites new discussion of the causes and consequences of productivity growth over the last century and a half and on our current prospects.

Author : Anonim
Publisher : Hoover Press
Page : 24 pages
File Size : 53,6 Mb
Release : 2024-06-26
Category : Supply-side economics
ISBN : 0817958932

Get Book

The Ten Causes of the Reagan Boom by Anonim Pdf

Author : International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
Page : 208 pages
File Size : 49,6 Mb
Release : 2019-10-15
Category : Business & Economics
ISBN : 9781513516172

Get Book

World Economic Outlook, October 2019 by International Monetary Fund. Research Dept. Pdf

Global growth is forecast at 3.0 percent for 2019, its lowest level since 2008–09 and a 0.3 percentage point downgrade from the April 2019 World Economic Outlook.

Author : Edward Fulton Denison
Publisher : Brookings Institution Press
Page : 141 pages
File Size : 42,9 Mb
Release : 1985
Category : Business & Economics
ISBN : 0815718098

Get Book

Trends in American Economic Growth, 1929-1982 by Edward Fulton Denison Pdf

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 outputhas 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, onlya 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.

Author : Dale Weldeau Jorgenson
Publisher : MIT Press
Page : 508 pages
File Size : 50,8 Mb
Release : 2000
Category : Business & Economics
ISBN : 0262100940

Get Book

Econometrics: Economic growth in the information age by Dale Weldeau Jorgenson Pdf

Volumes 1 and 3 contain papers written or co-written by Jorgenson. Volume 2 is a collection of 13 revised and updated papers presented at a conference held on May 7-8, 1993 at the John F. Kennedy School of Government, Harvard University, to honor Jorgenson on the occasion of his 60th birthday.

Author : Dale Weldeau Jorgenson
Publisher : Unknown
Page : 470 pages
File Size : 43,8 Mb
Release : 1995
Category : Capital investments
ISBN : 0262100495

Get Book

Productivity by Dale Weldeau Jorgenson Pdf