The Sources Of Aggregate Productivity Growth: Us Manufacturing Industries, 1958-1996
AbstractThe sources of aggregate productivity growth are explored using detailed data for four-digit U.S. manufacturing industries during 1958-96 and a decomposition formula which allows to quantify the contribution of structural change. Labor productivity as well as total factor productivity are considered and the aggregation is performed with either value-added or employment shares. It is shown that structural change generally works in favor of industries with increasing productivity. This effect is particularly strong in the years since 1990, in high-tech industries and in durable goods producing industries. The impact of the computer revolution can be clearly identified.
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Bibliographic InfoArticle provided by Wiley Blackwell in its journal Bulletin of Economic Research.
Volume (Year): 60 (2008)
Issue (Month): 4 (October)
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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0307-3378
Other versions of this item:
- Jens J. Krüger, 2006. "The Sources of Aggregate Productivity Growth - U.S. Manufacturing Industries, 1958-1996," Jenaer Schriften zur Wirtschaftswissenschaft 10/2006, Friedrich-Schiller-Universität Jena, Wirtschaftswissenschaftliche Fakultät.
- L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
- O12 - Economic Development, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
- O33 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
- L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
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