IDEAS home Printed from https://ideas.repec.org/p/ris/kngedp/2019_003.html

Productivity Panics – Polemics and Realities

Author

Listed:
  • Paul Auerbach

    (Kingston University London)

Abstract

Widespread uneasiness has emerged concerning a perceived slowdown in productivity growth. The question posed here is whether our destiny is indeed tied to inexorable movements in productivity and innovation, whatever these things may be, or can we build a future contingent upon collective choices and guided by human needs and desires?

Suggested Citation

  • Paul Auerbach, 2019. "Productivity Panics – Polemics and Realities," Economics Discussion Papers 2019-3, School of Economics, Kingston University London.
    • Handle: RePEc:ris:kngedp:2019_003
    as

    Download full text from publisher

    File URL: http://kunet.kingston.ac.uk/~ku33681/RePEc/kin/papers/2019_003.pdf
    File Function: Full text
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Nicholas Bloom & Charles I. Jones & John Van Reenen & Michael Webb, 2020. "Are Ideas Getting Harder to Find?," American Economic Review, American Economic Association, vol. 110(4), pages 1104-1144, April.
    2. Mathias Binswanger, 2009. "Is there a growth imperative in capitalist economies? a circular flow perspective," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 31(4), pages 707-727, July.
    3. Robert J. Gordon, 2000. "Does the "New Economy" Measure Up to the Great Inventions of the Past?," Journal of Economic Perspectives, American Economic Association, vol. 14(4), pages 49-74, Fall.
    4. Eric A. Hanushek & Ludger Woessmann, 2008. "The Role of Cognitive Skills in Economic Development," Journal of Economic Literature, American Economic Association, vol. 46(3), pages 607-668, September.
    5. David M. Byrne & John G. Fernald & Marshall B. Reinsdorf, 2016. "Does the United States Have a Productivity Slowdown or a Measurement Problem?," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 47(1 (Spring), pages 109-182.
    6. Paul Auerbach & Dimitris P. Sotiropoulos, 2012. "Revisiting the socialist calculation debate: the role of markets and finance in Hayek’s response to Lange’s challenge," Economics Discussion Papers 2012-6, School of Economics, Kingston University London.
    7. John S. L. McCombie & Marta R. M. Spreafico, 2016. "Kaldor’s ‘technical progress function’ and Verdoorn’s law revisited," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 40(4), pages 1117-1136.
    8. Lee Branstetter & Daniel Sichel, 2017. "The Case for an American Productivity Revival," Policy Briefs PB17-26, Peterson Institute for International Economics.
    9. Robert J. Gordon, 2016. "Perspectives on The Rise and Fall of American Growth," American Economic Review, American Economic Association, vol. 106(5), pages 72-76, May.
    10. Alexander J. Field, 2003. "The Most Technologically Progressive Decade of the Century," American Economic Review, American Economic Association, vol. 93(4), pages 1399-1413, September.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Fabio Pieri & Michela Vecchi & Francesco Venturini, 2017. "Modelling the joint impact of R and D and ICT on productivity: A frontier analysis approach," DEM Working Papers 2017/13, Department of Economics and Management.
    2. Thomas Philippon, 2022. "Additive Growth," NBER Working Papers 29950, National Bureau of Economic Research, Inc.
    3. Yiling Lin & Carl Benedikt Frey & Lingfei Wu, 2022. "Remote Collaboration Fuses Fewer Breakthrough Ideas," Papers 2206.01878, arXiv.org, revised Oct 2023.
    4. Parteka, Aleksandra & Kordalska, Aleksandra, 2023. "Artificial intelligence and productivity: global evidence from AI patent and bibliometric data," Technovation, Elsevier, vol. 125(C).
    5. Stefan Schweikl & Robert Obermaier, 2020. "Lessons from three decades of IT productivity research: towards a better understanding of IT-induced productivity effects," Management Review Quarterly, Springer, vol. 70(4), pages 461-507, November.
    6. John G. Fernald, 2017. "Paradox resolved? A review of the Rise and Fall of American Growth, by Robert J. Gordon," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 52(4), pages 265-267, October.
    7. Boppart, Timo & Li, Huiyu, 2021. "Productivity slowdown: reducing the measure of our ignorance," CEPR Discussion Papers 16478, C.E.P.R. Discussion Papers.
    8. Naudé, Wim & Nagler, Paula, 2022. "The Ossified Economy: The Case of Germany, 1870-2020," IZA Discussion Papers 15607, Institute of Labor Economics (IZA).
    9. Singh, Anuraag & Triulzi, Giorgio & Magee, Christopher L., 2021. "Technological improvement rate predictions for all technologies: Use of patent data and an extended domain description," Research Policy, Elsevier, vol. 50(9).
    10. Michael D. Bordo & David C. Wheelock, 2004. "Monetary policy and asset prices: a look back at past U.S. stock market booms," Review, Federal Reserve Bank of St. Louis, vol. 86(Nov), pages 19-44.
    11. Stefano Bianchini & Moritz Müller & Pierre Pelletier, 2022. "Artificial intelligence in science: An emerging general method of invention," Post-Print hal-03958025, HAL.
    12. Janice C. dup Eberly & John dup Fernald, 2022. "Jackson Hole 2022 - Reassessing Economic Constraints: Potential Output (The Impact of COVID on Productivity and Potential Output)," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, August.
    13. Mengheng Li & Ivan Mendieta‐Muñoz, 2020. "Are long‐run output growth rates falling?," Metroeconomica, Wiley Blackwell, vol. 71(1), pages 204-234, February.
    14. Ramey, Valerie A., 2020. "Secular stagnation or technological lull?," Journal of Policy Modeling, Elsevier, vol. 42(4), pages 767-777.
    15. Gerben Bakker & Nicholas Crafts & Pieter Woltjer, 2019. "The Sources of Growth in a Technologically Progressive Economy: The United States, 1899–1941," The Economic Journal, Royal Economic Society, vol. 129(622), pages 2267-2294.
    16. Philippe Aghion & Céline Antonin, 2018. "Technical Progress and Growth since the Crisis," Revue de l'OFCE, Presses de Sciences-Po, vol. 0(3), pages 55-68.
    17. John G. Fernald & Huiyu Li, 2022. "The Impact of COVID on Productivity and Potential Output," Working Paper Series 2022-19, Federal Reserve Bank of San Francisco.
    18. Kemeny, Tom & Petralia, Sergio & Storper, Michael, 2022. "Disruptive innovation and spatial inequality," LSE Research Online Documents on Economics 115953, London School of Economics and Political Science, LSE Library.
    19. Uwe Cantner & Holger Graf & Ekaterina Prytkova & Simone Vannuccini, 2018. "The Compositional Nature of Productivity and Innovation Slowdown," Jena Economics Research Papers 2018-006, Friedrich-Schiller-University Jena.
    20. Alston, Julian M. & Pardey, Philip G., 2022. "Are Ideas Really Getting Harder to Find?," Staff Papers 320517, University of Minnesota, Department of Applied Economics.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:kngedp:2019_003. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Andrea Ingianni (email available below). General contact details of provider: https://edirc.repec.org/data/sekinuk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.