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Author: Edward Fulton Denison Publisher: Washington : Brookings Institution ISBN: Category : Business & Economics Languages : en Pages : 384
Book Description
Economic research monograph on national accounting and the economic analysis of economic growth trends in the USA - introduces an innovative research methodology by which potential output is estimated from actual output by the detailed adjustment of the determinants of output, and covers growth rates in national income, production factors and input output analysis, estimates of employment, etc. Graphs, references and statistical tables.
Author: Edward Fulton Denison Publisher: Brookings Institution Press ISBN: 9780815718093 Category : Business & Economics Languages : en Pages : 141
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 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: Robert J. Barro Publisher: MIT Press ISBN: 0262304112 Category : Business & Economics Languages : en Pages : 673
Book Description
The long-awaited second edition of an important textbook on economic growth—a major revision incorporating the most recent work on the subject. This graduate level text on economic growth surveys neoclassical and more recent growth theories, stressing their empirical implications and the relation of theory to data and evidence. The authors have undertaken a major revision for the long-awaited second edition of this widely used text, the first modern textbook devoted to growth theory. The book has been expanded in many areas and incorporates the latest research. After an introductory discussion of economic growth, the book examines neoclassical growth theories, from Solow-Swan in the 1950s and Cass-Koopmans in the 1960s to more recent refinements; this is followed by a discussion of extensions to the model, with expanded treatment in this edition of heterogenity of households. The book then turns to endogenous growth theory, discussing, among other topics, models of endogenous technological progress (with an expanded discussion in this edition of the role of outside competition in the growth process), technological diffusion, and an endogenous determination of labor supply and population. The authors then explain the essentials of growth accounting and apply this framework to endogenous growth models. The final chapters cover empirical analysis of regions and empirical evidence on economic growth for a broad panel of countries from 1960 to 2000. The updated treatment of cross-country growth regressions for this edition uses the new Summers-Heston data set on world income distribution compiled through 2000.
Author: Melvyn Dubofsky Publisher: Oxford University Press, USA ISBN: 0199738815 Category : Business & Economics Languages : en Pages : 1139
Book Description
As the global economic crisis that developed in the year 2008 makes clear, it is essential for educated individuals to understand the history that underlies contemporary economic developments. This encyclopedia will offer students and scholars access to information about the concepts, institutions/organizations, events, and individuals that have shaped the history of economics, business, and labor from the origins of what later became the United States in an earlier age of globalization and the expansion of capitalism to the present. It will include entries that explore the changing character of capitalism from the seventeenth century to the present; that cover the evolution of business practices and organizations over the same time period; that describe changes in the labor force as legally free workers replaced a labor force dominated by slaves and indentures; that treat the means by which workers sought to better their lives; and that deal with government policies and practices that affected economic activities, business developments, and the lives of working people. Readers will be able to find readily at hand information about key economic concepts and theories, major economists, diverse sectors of the economy, the history of economic and financial crises, major business organizations and their founders, labor organizations and their leaders, and specific government policies and judicial rulings that have shaped US economic and labor history. Readers will also be guided to the best and most recent scholarly works related to the subject covered by the entry. Because of the broad chronological span covered by the encyclopedia and the breadth of its subjects, it should prove useful to history students, economics majors, school of business entrants as well as to those studying public policy and administration.
Author: Lawrence J. Lau Publisher: The Chinese University of Hong Kong Press ISBN: 9882370950 Category : Political Science Languages : en Pages : 516
Book Description
An indispensable reference to the development of the Chinese economy—past, present, and future. —DALE W. JORGENSON, Samuel W. Morris University Professor, Harvard University Since China undertook economic reform and opened its economy to the world in the late 1970s, its economy has been growing at an average annual rate of over 9 percent for more than four decades. No other economy in recorded history has grown at such a high rate and for such a long period as China has done. The questions that naturally arise are: Was the Chinese economy a miracle? Or was it a mere bubble? Will the Chinese economy begin to stagnate like the Japanese economy did in the 1990s, and perhaps decline? Will it be able to escape the “middle-income trap”? If it is not a miracle, can the Chinese development experience be replicated elsewhere? This book provides a comprehensive and detailed discussion of the remarkable growth of the Chinese economy over the past decades, by scrutinising the sources of economic growth, and evaluating the strategies adopted by the Chinese government to promote the transition from a centrally-planned economy to a market-based economy by means of the “dual-track” approach. It is argued that, while the Chinese economy is unique and exceptional in many ways, its development experience can be explained and attributed. ------------------------------------------------------------------------------------------------------------------------------- A comprehensive and detailed discussion of the remarkable growth of the Chinese economy at nearly double-digit rates in the four decades since the reforms of Deng Xiaoping in 1978. This volume will be an indispensable reference to the development of the Chinese economy—past, present, and future. —Dale W. Jorgenson Samuel W. Morris University Professor, Harvard University Lawrence Lau’s discussion and economic reasoning with regard to the economic development of China dispels the view that the Chinese economic development since the opening up in the late 1970s was bubble. I found his reasoning fascinating and his arguments that other countries can replicate the Chinese experience to facilitate their own development sound and well-reasoned. This book will be read and discussed by scholars and practitioners interested in a better understanding of the road to economic development. —Myron Scholes Nobel Laureate in Economic Sciences (1997) Professor Emeritus, Stanford University The essays in this book present a rich and informed analysis of China’s long-run economic development. They provide a unique insight into the Chinese economy at a crucial point in the country’s development. The essays have deep analytical weight, reflecting Lawrence Lau’s outstanding contribution to economic thought and policy formation in China. —Peter Nolan Founding Director, Centre of Development Studies, University of Cambridge This is a great and well-researched book. As a distinguished scholar and renowned adviser to Chinese economic policymakers, Professor Lawrence Lau utilizes extensive data and economic models to evaluate the various sources of growth since China’s 1978 reforms from an innovative perspective. The book juxtaposes China’s experience with other East Asian economies, offering unique and deep insights into its distinctive development path. It’s essential reading for politicians, scholars, business leaders, investors, students, and anyone interested in understanding China better. —Junsen Zhang Dean and Distinguished University Professor, School of Economics, Zhejiang University Fellow of the Econometric Society
Author: Edward F. Denison
Author: Edward F. Denison
Author: Edward Fulton Denison
Author: Edward Fulton Denison
Author: 
Author: United States. Bureau of Labor Statistics
Author: Stanley L. Engerman
Author: 
Author: Robert J. Barro
Author: Melvyn Dubofsky
Author: Lawrence J. Lau