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Will the U.S. productivity resurgence continue?

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Author Info
Dale W. Jorgenson
Mun S. Ho
Kevin J. Stiroh

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Abstract

U.S. productivity growth has accelerated in recent years, despite a series of negative economic shocks. An analysis of the sources of this growth over the 1995-2003 period suggests that the production and use of information technology account for a large share of the gains. The authors project that during the next decade, private sector productivity growth will continue at a rate of 2.6 percent per year, a significant increase from their 2002 projection of 2.2 percent growth.

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Publisher Info
Article provided by Federal Reserve Bank of New York in its journal Current Issues in Economics and Finance.

Volume (Year): (2004)
Issue (Month): Dec ()
Pages:
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Handle: RePEc:fip:fednci:y:2004:i:dec:n:v.10no.13

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Related research
Keywords: Productivity ; Information technology;

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. James A. Kahn & Kevin Stiroh, 2002. "Productivity Growth: A New Era?," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 5(2), pages 237-242, April. [Downloadable!] (restricted)
  2. Jorgenson, Dale W. & Ho, Mun S. & Stiroh, Kevin J., 2003. "Lessons from the US growth resurgence," Journal of Policy Modeling, Elsevier, vol. 25(5), pages 453-470, July. [Downloadable!] (restricted)
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(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Carone, Giuseppe & Denis, Cécile & Mc Morrow, Kieran & Mourre, Gilles & Röger, Werner, 2006. "Long-term labour productivity and GDP projections for the EU25 Member States : a production function framework," MPRA Paper 744, University Library of Munich, Germany. [Downloadable!]
  2. Dale W. Jorgenson & Kazuyuki Motohashi, 2005. "Information Technology and the Japanese Economy," NBER Working Papers 11801, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  3. Jonathan Harris, . "08-02 "Ecological Macroeconomics: Consumption, Investment, and Climate Change"," GDAE Working Papers 08-02, GDAE, Tufts University. [Downloadable!]
  4. Antonelli Cristiano & Quatraro Francesco, 2007. "Directed Technological change and total factor productivity. Effects and determinants in a sample of OECD Countries, 1971-2001," Dipartimento di Economia "S. Cognetti de Martiis" LEI & BRICK - Laboratorio di economia dell'innovazione "Franco Momigliano", Bureau of Research in Innovation, Complexity and Knowledge, Collegio Carlo 200711, University of Turin. [Downloadable!]
  5. Lisa M. Lynch, 2007. "The Adoption and Diffusion of Organizational Innovation: Evidence for the U.S. Economy," IZA Discussion Papers 2819, Institute for the Study of Labor (IZA). [Downloadable!]
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  6. Janet L. Yellen, 2005. "The U.S. economic outlook," Speech, Federal Reserve Bank of San Francisco, issue Feb 11. [Downloadable!]
    Other versions:
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