Revisiting U. S. productivity Growth over the Past Century with a View of the Future
AbstractThis paper provides three perspectives on long-run growth rates of labor productivity (LP) and of multi-factor productivity (MFP) for the U. S. economy. It extracts statistical growth trends for labor productivity from quarterly data for the total economy going back to 1952, provides new estimates of MFP growth extending back to 1891, and tackles the problem of forecasting LP and MFP twenty years into the future.
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Bibliographic InfoPaper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 7991.
Date of creation: Sep 2010
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Find related papers by JEL classification:
- D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
- E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
- E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Capital; Investment; Capacity
- N1 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations
- N11 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - U.S.; Canada: Pre-1913
- N12 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - U.S.; Canada: 1913-
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- David M. Byrne & Stephen D. Oliner & Daniel E. Sichel, 2013.
"Is the Information Technology Revolution Over?,"
International Productivity Monitor, Centre for the Study of Living Standards,
Centre for the Study of Living Standards, vol. 25, pages 20-36, Spring.
- David M. Byrne & Stephen D. Oliner & Daniel E. Sichel, 2013. "Is the information technology revolution over?," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) 2013-36, Board of Governors of the Federal Reserve System (U.S.).
- Stephen D. Oliner & Daniel E. Sichel & David M. Byrne, 2013. "Is the information technology revolution over?," Working Papers 37301, American Enterprise Institute.
- Areendam Chanda & Bibhudutta Panda, . "Productivity Growth in Goods and Services Across The Heterogeneous States of America," Departmental Working Papers, Department of Economics, Louisiana State University 2014-10, Department of Economics, Louisiana State University.
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