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Changing technology trends, transition dynamics and growth accounting

Pakko, Michael R. - Federal Reserve Bank of St. Louis - 2005

The technology growth trends that underlie recent productivity patterns are investigated in a framework that … downward shift in TFP growth in the late 1960s and an upward shift in investment-specific technology growth in the mid-1980s …. In both cases, these breaks precede observed changes in labor productivity growth by several years. Simulations of …

Persistent link: https://www.econbiz.de/10005352846

Technical progress, inefficiency and productivity change in U.S. banking, 1984-1993

Wheelock, David C.; Wilson, Paul W. - Federal Reserve Bank of St. Louis - 1996

more technically inefficient between 1984 and 1993. Our analysis of productivity change, however, shows that technological … productivity gains. For banks with assets less than 0 million, however, technological improvement was insufficient to offset … increased inefficiency, and thus productivity declined over the period. Our findings suggest that increasing inefficiency is …

Persistent link: https://www.econbiz.de/10005352902

What happens when the technology growth trend changes?: transition dynamics, capital growth and the "new economy"

Pakko, Michael R. - Federal Reserve Bank of St. Louis - 2001

The rapid increase in U.S. economic growth during the late 1990s inspired speculation that an acceleration in the rate of technological progress had given rise to an increase in potential output growth. This paper considers the transition dynamics associated with such a change using a general...

Persistent link: https://www.econbiz.de/10005707648

Human capital growth in a cross section of US metropolitan areas

Wheeler, Christopher H. (contributor) - 2005

"Human capital is typically viewed as generating a number of desirable outcomes, including economic growth. Yet, in spite of its importance, few empirical studies have explored why some economies accumulate more human capital than others. This paper attempts to do so using a sample of more than...