Accounting for United States Economic Growth, 1929-1969 PDF Download

Author: Edward Fulton Denison
Publisher: Washington : Brookings Institution
ISBN:
Category : Business & Economics
Languages : en
Pages : 384

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Book Description

Author: Edward Fulton Denison
Publisher:
ISBN:
Category : United States Economic Conditions 1918-1945
Languages : en
Pages : 355

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Book Description

Author: Edward Fulton Denison
Publisher:
ISBN:
Category :
Languages : en
Pages : 355

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Book Description

Author: Edward Denison
Publisher: Brookings Institution Press
ISBN: 9780815719755
Category : Business & Economics
Languages : en
Pages : 172

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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 F. Denison
Publisher: Brookings Institution Press
ISBN: 9780815705321
Category : Business & Economics
Languages : en
Pages : 236

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Accounting for Slower Economic Growth examines labor productivity and productivity accounting during the 1970s in the United States.

Author: Edward Fulton Denison
Publisher: Washington, D.C. : Brookings Institution
ISBN: 9780815718109
Category : United States
Languages : en
Pages : 141

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Author:
Publisher:
ISBN:
Category : Economic development
Languages : en
Pages : 640

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Book Description

Author: Dale Jorgenson
Publisher: Elsevier
ISBN: 1483295877
Category : Business & Economics
Languages : en
Pages : 576

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Book Description
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:
Publisher:
ISBN:
Category : Economic development
Languages : en
Pages : 108

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Author: Ahuja H.L.
Publisher: S. Chand Publishing
ISBN: 9352531469
Category :
Languages : en
Pages : 1775

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Book Description
In its 20th edition, this trusted definitive text is a comprehensive treatise on modern economics. It discusses in detail microeconomics, macroeconomics, monetary theory and policy, international economics, public finance and fiscal policy and above all economics of growth and development. The book has been exhaustively revised to provide students an in-depth understanding of the fundamental concepts and is streamlined to focus on current topics and developments in the field.