Revisiting U. S. productivity Growth over the Past Century with a View of the Future

This 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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Year of publication:	2010-09
Authors:	Gordon, Robert J
Institutions:	C.E.P.R. Discussion Papers
Subject:	capital quality \| human capital \| labor quality \| labour productivity \| long-term economic growth \| multi-factor productivity \| U. S. economic history

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Extent:	application/pdf
Series:	CEPR Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	Number 7991
Classification:	D24 - Production; Capital and Total Factor Productivity; Capacity ; E01 - Measurement and Data on National Income and Product Accounts and Wealth ; E22 - Capital; Investment (including Inventories); Capacity ; N1 - Macroeconomics and Monetary Economics; Growth and Fluctuations ; N11 - U.S.; Canada: Pre-1913 ; N12 - U.S.; Canada: 1913-
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008607509