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Author: Edward F. Denison
Publisher: Brookings Institution Press
ISBN: 9780815705321
Category : Business & Economics
Languages : en
Pages : 236
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Book Description
Accounting for Slower Economic Growth examines labor productivity and productivity accounting during the 1970s in the United States.
Author: Edward F. Denison
Publisher: Brookings Institution Press
ISBN: 9780815705321
Category : Business & Economics
Languages : en
Pages : 236
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Book Description
Accounting for Slower Economic Growth examines labor productivity and productivity accounting during the 1970s in the United States.
Author: Edward Fulton Denison
Publisher: Brookings Institution Press
ISBN: 9780815718017
Category : History
Languages : en
Pages : 212
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Book Description
Accounting for Slower Economic Growth examines labor productivity and productivity accounting during the 1970s in the United States.
Author: Edward Denison
Publisher: Brookings Institution Press
ISBN: 0815719752
Category : Business & Economics
Languages : en
Pages : 168
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Book Description
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.
Author: Edward Fulton Denison
Publisher: Washington : Brookings Institution
ISBN:
Category : Business & Economics
Languages : en
Pages : 386
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Book Description
Author: Edward Fulton Denison
Publisher:
ISBN:
Category : Industrial productivity
Languages : en
Pages : 30
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Book Description
Author: Edward Fulton Denison
Publisher: Washington, D.C. : Brookings Institution
ISBN: 9780815718109
Category : United States
Languages : en
Pages : 141
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Book Description
Author: Edward Fulton Denison
Publisher:
ISBN:
Category : United States
Languages : en
Pages : 28
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Book Description
Author: Garbis Iradian
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 40
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Book Description
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.
Author: Gordon C. Bjork
Publisher: Praeger
ISBN: 9780275965310
Category : Business & Economics
Languages : en
Pages : 328
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Book Description
While the decline of U.S. economic growth has been widely recognized and debated by professional economists, no one has until now offered a comprehensive description and explanation. Professor Bjork does so, and he explains the growth slowdown as a natural consequence of economic maturity. In addition, Bjork explains how productivity growth occurs within industries and the economy as a whole and how accounting conventions fail to account for growth in expanding sectors of the economy such as services and government. He quantifies the effects of structural change in slowing the rate of growth, and he demonstrates why taxes and transfer payments for the education of the young and the maintenance and health care of the retired population necessarily increase with economic growth and maturity. This is an important synthesis for professional economists and policy makers as well as students and the concerned public.
Author: A. Senhadji Semlali
Publisher:
ISBN:
Category : Economic development
Languages : en
Pages : 46
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Book Description
Examines the source of cross-country differences in total factor productivity (TFP) levles, by conducting a growth accounting exercise.
