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Why is growth better in the United States than in other industrial countries?

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  • Feldstein, Martin

Abstract

Although the official statistics imply that the rate of growth of real GDP in the United States has declined in recent years, it has still been substantially higher than the real growth rates in Europe and the other industrial countries, leading to higher real per capita incomes. This paper discusses ten reasons for the higher rate of real economic growth.
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Suggested Citation

  • Feldstein, Martin, 2017. "Why is growth better in the United States than in other industrial countries?," Journal of Policy Modeling, Elsevier, vol. 39(4), pages 655-659.
    • Handle: RePEc:eee:jpolmo:v:39:y:2017:i:4:p:655-659
    DOI: 10.1016/j.jpolmod.2017.05.011
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    Cited by:

    1. Gouranga Gopal Das & Sugata Marjit, 2018. "Skill, Innovation and Wage Inequality: Can Immigrants be the Trump Card?," CESifo Working Paper Series 7082, CESifo.
    2. David Glancy & John R. Krainer & Robert J. Kurtzman & Joseph B. Nichols, 2022. "Intermediary Segmentation in the Commercial Real Estate Market," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 54(7), pages 2029-2080, October.
    3. Rogoff, Kenneth, 2017. "Monetary policy in a low interest rate world," Journal of Policy Modeling, Elsevier, vol. 39(4), pages 673-679.
    4. Stankov, Petar & Vasilev, Aleksandar, 2019. "Business reform outcomes: Why so different?," Journal of Policy Modeling, Elsevier, vol. 41(6), pages 1109-1127.
    5. Das, Gouranga Gopal & Marjit, Sugata & Kar, Mausumi, 2020. "The Impact of Immigration on Skills, Innovation and Wages: Education Matters more than where People Come from," Journal of Policy Modeling, Elsevier, vol. 42(3), pages 557-582.

    More about this item

    Keywords

    Growth; United States; Industrial countries; Real GDP; Quality of goods;
    All these keywords.

    JEL classification:

    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General

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