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Us Total Factor Productivity Slowdown Evidence From The Us States
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Book Synopsis U.S. Total Factor Productivity Slowdown by : Mr.Roberto Cardarelli
Download or read book U.S. Total Factor Productivity Slowdown written by Mr.Roberto Cardarelli and published by International Monetary Fund. This book was released on 2015-05-28 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Total factor productivity (TFP) growth began slowing in the United States in the mid-2000s, before the Great Recession. To many, the main culprit is the fading positive impact of the information technology (IT) revolution that took place in the 1990s. But our estimates of TFP growth across the U.S. states reveal that the slowdown in TFP was quite widespread and not particularly stronger in IT-producing states or in those with a relatively more intensive usage of IT. An alternative explanation offered in this paper is that the slowdown in U.S. TFP growth reflects a loss of efficiency or market dynamism over the last two decades. Indeed, there are large differences in production efficiency across U.S. states, with the states having better educational attainment and greater investment in R&D being closer to the production “frontier.”
Book Synopsis U.S. Total Factor Productivity Slowdown by : Roberto Cardarelli
Download or read book U.S. Total Factor Productivity Slowdown written by Roberto Cardarelli and published by . This book was released on 2015 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: Total factor productivity (TFP) growth began slowing in the United States in the mid-2000s, before the Great Recession. To many, the main culprit is the fading positive impact of the information technology (IT) revolution that took place in the 1990s. But our estimates of TFP growth across the U.S. states reveal that the slowdown in TFP was quite widespread and not particularly stronger in IT-producing states or in those with a relatively more intensive usage of IT. An alternative explanation offered in this paper is that the slowdown in U.S. TFP growth reflects a loss of efficiency or market.
Book Synopsis The U.S. Productivity Slowdown by : Michael R. Darby
Download or read book The U.S. Productivity Slowdown written by Michael R. Darby and published by . This book was released on 1982 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper identifies three major periods: 1900-1929, 1929-1965, and 1965-1978. In contrast to the middle period, the extreme periods are characterized by rapid growth in private employment and hours worked; because growth in private productivity increases by less, measured labor productivity growth falls compared to the middle period. However this fall reflects a substantial substitution of quantity for quality in labor force growth: after private employment and hours are adjusted for age, sex, immigration, and education, no difference is observed among the average quality-adjusted labor productivity growth rates. Substantial variation in these growth rates remains within the 1929-1965 and 1965-1978 periods. Slow quality-adjusted labor productivity growth during 1929-1948 is just offset by unusually rapid growth during 1948-1965; these variations are attributed to the near cessation of investment during the Depression and World War II and subsequent recovery of the capital-labor ratio. Thus no substantial variations in total factor productivity growth or technical progress is found. Variations inproductivity growth within 1965-1978 are explained by price-control induced biases in reported deflated output. Correction of these biases results inequal quality-adjusted labor productivity growth in 1965-1973 and 1973-1978.A substantial program of future research is proposed. A data appendix is included.
Book Synopsis New Developments in Productivity Analysis by : Charles R. Hulten
Download or read book New Developments in Productivity Analysis written by Charles R. Hulten and published by University of Chicago Press. This book was released on 2007-11-01 with total page 648 pages. Available in PDF, EPUB and Kindle. Book excerpt: The productivity slowdown of the 1970s and 1980s and the resumption of productivity growth in the 1990s have provoked controversy among policymakers and researchers. Economists have been forced to reexamine fundamental questions of measurement technique. Some researchers argue that econometric approaches to productivity measurement usefully address shortcomings of the dominant index number techniques while others maintain that current productivity statistics underreport damage to the environment. In this book, the contributors propose innovative approaches to these issues. The result is a state-of-the-art exposition of contemporary productivity analysis. Charles R. Hulten is professor of economics at the University of Maryland. He has been a senior research associate at the Urban Institute and is chair of the Conference on Research in Income and Wealth of the National Bureau of Economic Research. Michael Harper is chief of the Division of Productivity Research at the Bureau of Labor Statistics. Edwin R. Dean, formerly associate commissioner for Productivity and Technology at the Bureau of Labor Statistics, is adjunct professor of economics at The George Washington University.
Book Synopsis Productivity in the United States by : John W. Kendrick
Download or read book Productivity in the United States written by John W. Kendrick and published by Baltimore : Johns Hopkins University Press. This book was released on 1980 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :Adam S. Posen Publisher :Peterson Institute for International Economics ISBN 13 :0881327328 Total Pages :499 pages Book Rating :4.8/5 (813 download)
Book Synopsis Facing Up to Low Productivity Growth by : Adam S. Posen
Download or read book Facing Up to Low Productivity Growth written by Adam S. Posen and published by Peterson Institute for International Economics. This book was released on 2019-02-01 with total page 499 pages. Available in PDF, EPUB and Kindle. Book excerpt: Labor productivity growth in the United States and other advanced countries has slowed dramatically since the mid-2000s, a major factor in their economic stagnation and political turmoil. Economists have been debating the causes of the slowdown and possible remedies for some years. Unaddressed in this discussion is what happens if the slowdown is not reversed. In this volume, a dozen renowned scholars analyze the impact of sustained lower productivity growth on public finances, social protection, trade, capital flows, wages, inequality, and, ultimately, politics in the advanced industrial world. They conclude that slow productivity growth could lead to unpredictable and possibly dangerous new problems, aggravating inequality and increasing concentration of market power. Facing Up to Low Productivity Growth also proposes ways that countries can cope with these consequences.
Book Synopsis Global Productivity by : Alistair Dieppe
Download or read book Global Productivity written by Alistair Dieppe and published by World Bank Publications. This book was released on 2021-06-09 with total page 552 pages. Available in PDF, EPUB and Kindle. Book excerpt: The COVID-19 pandemic struck the global economy after a decade that featured a broad-based slowdown in productivity growth. Global Productivity: Trends, Drivers, and Policies presents the first comprehensive analysis of the evolution and drivers of productivity growth, examines the effects of COVID-19 on productivity, and discusses a wide range of policies needed to rekindle productivity growth. The book also provides a far-reaching data set of multiple measures of productivity for up to 164 advanced economies and emerging market and developing economies, and it introduces a new sectoral database of productivity. The World Bank has created an extraordinary book on productivity, covering a large group of countries and using a wide variety of data sources. There is an emphasis on emerging and developing economies, whereas the prior literature has concentrated on developed economies. The book seeks to understand growth patterns and quantify the role of (among other things) the reallocation of factors, technological change, and the impact of natural disasters, including the COVID-19 pandemic. This book is must-reading for specialists in emerging economies but also provides deep insights for anyone interested in economic growth and productivity. Martin Neil Baily Senior Fellow, The Brookings Institution Former Chair, U.S. President’s Council of Economic Advisers This is an important book at a critical time. As the book notes, global productivity growth had already been slowing prior to the COVID-19 pandemic and collapses with the pandemic. If we want an effective recovery, we have to understand what was driving these long-run trends. The book presents a novel global approach to examining the levels, growth rates, and drivers of productivity growth. For anyone wanting to understand or influence productivity growth, this is an essential read. Nicholas Bloom William D. Eberle Professor of Economics, Stanford University The COVID-19 pandemic hit a global economy that was already struggling with an adverse pre-existing condition—slow productivity growth. This extraordinarily valuable and timely book brings considerable new evidence that shows the broad-based, long-standing nature of the slowdown. It is comprehensive, with an exceptional focus on emerging market and developing economies. Importantly, it shows how severe disasters (of which COVID-19 is just the latest) typically harm productivity. There are no silver bullets, but the book suggests sensible strategies to improve growth prospects. John Fernald Schroders Chaired Professor of European Competitiveness and Reform and Professor of Economics, INSEAD
Book Synopsis The Productivity Slowdown, Causes and Policy Responses by :
Download or read book The Productivity Slowdown, Causes and Policy Responses written by and published by . This book was released on 1981 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Federal Regulation's Impact on the Productivity Slowdown by : Richard K. Vedder
Download or read book Federal Regulation's Impact on the Productivity Slowdown written by Richard K. Vedder and published by . This book was released on 1996 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Multifactor Productivity Trends by :
Download or read book Multifactor Productivity Trends written by and published by . This book was released on 1995 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Government Policy toward Open Source Software by : Robert W. Hahn
Download or read book Government Policy toward Open Source Software written by Robert W. Hahn and published by Rowman & Littlefield. This book was released on 2010-12-01 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: Can open source software—software that is usually available without charge and that individuals are free to modify—survive against the fierce competition of proprietary software, such as Microsoft Windows? Should the government intervene on its behalf? This book addresses a host of issues raised by the rapid growth of open source software, including government subsidies for research and development, government procurement policy, and patent and copyright policy. Contributors offer diverse perspectives on a phenomenon that has become a lightning rod for controversy in the field of information technology. Contributors include James Bessen (Research on Innovation), David S. Evans (National Economic Research Associates), Lawrence Lessig (Stanford University), Bradford L. Smith (Microsoft Corporation), and Robert W. Hahn (director, AEI-Brookings Joint Center).
Book Synopsis The Economics of Artificial Intelligence by : Ajay Agrawal
Download or read book The Economics of Artificial Intelligence written by Ajay Agrawal and published by University of Chicago Press. This book was released on 2024-03-05 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: A timely investigation of the potential economic effects, both realized and unrealized, of artificial intelligence within the United States healthcare system. In sweeping conversations about the impact of artificial intelligence on many sectors of the economy, healthcare has received relatively little attention. Yet it seems unlikely that an industry that represents nearly one-fifth of the economy could escape the efficiency and cost-driven disruptions of AI. The Economics of Artificial Intelligence: Health Care Challenges brings together contributions from health economists, physicians, philosophers, and scholars in law, public health, and machine learning to identify the primary barriers to entry of AI in the healthcare sector. Across original papers and in wide-ranging responses, the contributors analyze barriers of four types: incentives, management, data availability, and regulation. They also suggest that AI has the potential to improve outcomes and lower costs. Understanding both the benefits of and barriers to AI adoption is essential for designing policies that will affect the evolution of the healthcare system.
Book Synopsis Total Factor Productivity Growth in Historical Perspective by : Robert Shackleton
Download or read book Total Factor Productivity Growth in Historical Perspective written by Robert Shackleton and published by . This book was released on 2013-04-20 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past century or more, gains in total factor productivity (TFP) have accounted for well over half the growth in measured U.S. labor productvity (output per hour of work) -- that is, they have contributed more to the measured growth of labor productivity than has growth in the amount of capital per worker -- and they are likely to be critical for future economic growth as well. This study reviews the broad contours of TFP growth in the U.S. economy since 1870, highlighting the contribution of various technological innovations to the growth of different sectors of the economy. It also notes the correlation between TFP growth and improvements in general health and well-being as reflected in changes in life expectancy. Finally, the study discusses the potential for continued growth in TFP in the future. Tables and figures. This is a print on demand report.
Book Synopsis Productivity Trends in the United States by : John W. Kendrick
Download or read book Productivity Trends in the United States written by John W. Kendrick and published by Princeton [N.J.] : Princeton University Press. This book was released on 1961 with total page 692 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Future of Productivity by : OECD
Download or read book The Future of Productivity written by OECD and published by OECD Publishing. This book was released on 2015-12-11 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses the rising productivity gap between the global frontier and other firms, and identifies a number of structural impediments constraining business start-ups, knowledge diffusion and resource allocation (such as barriers to up-scaling and relatively high rates of skill mismatch).
Author :International Labour Office Publisher :International Labour Organization ISBN 13 :9789221133759 Total Pages :144 pages Book Rating :4.1/5 (337 download)
Book Synopsis Fundamental Rights at Work and International Labour Standards by : International Labour Office
Download or read book Fundamental Rights at Work and International Labour Standards written by International Labour Office and published by International Labour Organization. This book was released on 2003 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: Labour law has long been upheld by the ILO as an essential pillar of development and peace, within member States, as well as between States. This book offers valuable insight on the application of the ILO's international labour standards.
Book Synopsis Accounting for Slower Economic Growth by : Edward Fulton Denison
Download or read book Accounting for Slower Economic Growth written by Edward Fulton Denison and published by Washington : The Brookings Institution. This book was released on 1979 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: Monograph analysing labour productivity, productivity and national income trends to account for slowdown in economic growth in the USA since 1973 - includes graph, references and statistical tables.
