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

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

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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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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: 9780815719755
Category : Business & Economics
Languages : en
Pages : 172

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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:
Publisher:
ISBN:
Category : Economic development
Languages : en
Pages : 96

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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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Author: Ernst R. Berndt
Publisher: University of Chicago Press
ISBN: 0226044319
Category : Business & Economics
Languages : en
Pages : 468

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This volume contains papers presented at a conference in May 1988 in Washington, D.C., commemorating the fiftieth anniversary of the founding of the Conference on Research in Income and Wealth (CRIW). The call for papers emphasized assessments of broad topics in economic measurement, both conceptual and pragmatic. The organizers desired (and succeeded in obtaining) a mix of papers that, first, illustrate the range of measurement issues that economics as a science must confront and, second, mark major milestones of CRIW accomplishment. The papers concern prices and output (Griliches, Pieper, Triplett) and also the major productive inputs, capital (Hulten) and labor (Hamermesh). Measures of saving, the source of capital accumulation, are covered in one paper (Boskin); measuring productivity, the source of much of the growth in per capita income, is reviewed in another (Jorgenson). The use of economic data in economic policy analysis and in regulation are illustrated in a review of measures of tax burden (Atrostic and Nunns) and in an analysis of the data needed for environmental regulation (Russell and Smith); the adequacy of data for policy analysis is evaluated in a roundtable discussion (chapter 12) involving four distinguished policy analysts with extensive government experience in Washington and Ottawa.

Author: United States. Congress. Joint Economic Committee
Publisher:
ISBN:
Category : United States
Languages : en
Pages : 1014

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