Interpreting the one big wave in U.S. long term productivity growth

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National Bureau of Economic Research , Cambridge, MA
Factors of production -- United States -- History., Labor productivity -- United States -- History., Capital productivity -- United States -- History., Intervention (Administrative procedure) -- Economic aspects., Technological innovations -- Economic aspects -- United States -- His
Other titles"One big wave" in U.S. long term productivity growth
StatementRobert J. Gordon.
SeriesNBER working paper series -- no. 7752, Working paper series (National Bureau of Economic Research) -- working paper no. 7752.
ContributionsNational Bureau of Economic Research.
The Physical Object
Pagination52, [19] p. :
ID Numbers
Open LibraryOL22403145M

Interpreting the “One Big Wave” in U.S. Long-term Productivity Growth. Abstract. This paper assesses the standard data on output, labour input, and capital input, which imply “one big wave” in multi-factor productivity (MFP) growth for the United States since Cited by: Interpreting the "One Big Wave" in U.S.

Long-Term Productivity Growth Robert J. Gordon.

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NBER Working Paper No. Issued in June NBER Program(s):Economic Fluctuations and Growth, Productivity, Innovation, and Entrepreneurship. This paper assesses the standard data on output, labor input, and capital input, which imply one big wave' in multi-factor productivity (MFP) growth for the.

BibTeX @INPROCEEDINGS{Gordon00interpretingthe, author = {Robert J. Gordon and U. Long-term and Productivity Growth}, title = {Interpreting the one big wave in US long term productivity growth}, booktitle = {in Productivity, Technology, and Economic}, year = {}}.

Interpreting the "One Big Wave" in U.S. Long-Term Productivity Growth Article (PDF Available)   July   with  78 Reads  How we measure 'reads' A 'read' is counted each time someone views a Author: Robert J. Gordon.

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This paper assesses the standard data on output, labor input, and capital input, which imply one big wave' Interpreting the one big wave in U.S. long term productivity growth book multi-factor productivity (MFP) growth for the United States since The wave-like pattern starts with slow MFP growth in the late 19th century, then an acceleration peaking inand then a deceleration to a slow rate after that returns to the poor performance of This paper assesses the ‘one big wave’ in multi-factor productivity (MFP) growth for the United States since The wave-like pattern starts with slow MFP growth in the late 19th century, then acceleration peaking inand then a deceleration to a slow rate after that returns to the poor performance of PRODUCTIVITY GROWTH 7 Part One: Introduction 7 1.

Does the “New Economy” Measure Up to the Great Inventions of the Past. 22 2.

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Interpreting the “One Big Wave” in U.S. Long-term Productivity Growth 50 3. The Disappearance of Productivity Change 90 4. The Concept of Capital 5. Is There a Tradeoff between Unemployment and Productivity. RobertGordon (;described TFP growth in the period between and as 'one big wave' based on a few major technology clusters ('great inventions') which delivered much more rapid advance Author: Robert J.

Gordon. “Interpreting the ‘One Big Wave’ in U.S. Long-Term Productivity Growth” by Robert Gordon, in Productivity, Technology, and Economic Growth, “Does the “New Economy” Measure Up to the Great Inventions of the Past?” by Robert Gordon, in Journal of Economic Perspectives, This paper studies the innovation dynamics of an oligopolistic industry.

The firms compete not only in the output market but also by engaging in productivity enhancing innovations to reduce labor costs. Rent sharing may generate productivity dependent wage differentials. Productivity growth creates intertemporal spill–over effects, which affect the incentives for innovation at subsequent dates.

This paper assesses the standard data on output, labor input, and capital input, which imply one big wave' in multi-factor productivity (MFP) growth for the United States since The wave-like pattern starts with slow MFP growth in the late 19th century, then an acceleration peaking inand then a deceleration to a slow rate after that returns to the poor performance of Author: Robert J.

Gordon. Productivity, Technology and Economic Growth presents a selection of recent research advances on long term economic growth. While the contributions stem from both economic history, macro- and microeconomics and the economics of innovation, all papers depart from a common viewpoint: the key factor behind long term growth is productivity, and the latter is primarily driven by technological.

T1 - Interpreting the "One Big Wave" in U.S. Long-Term Productivity Growth. AU - Gordon, Robert J. PY - Y1 - M3 - Chapter. BT - Productivity, Technology, and Economic Growth. A2 - van Ark, Bart. A2 - Kuipers, Simon K.

A2 - Kuper, Gerald H. PB - Kluwer. CY - Boston. ER -Cited by: Cambridge Core - Labour Economics - Productivity Growth, Inflation, and Unemployment - by Robert J. Gordon This book has been cited by the following publications. 2 - Interpreting the “One Big Wave” in U.S.

Long-term Productivity Growth pp Get by: 5. the big wave was drawn by Duménil and Lévy () ) The big wave can, however, only be interpreted in relation to the no less spectacular trend of the productivity of capital during the same period (Figures 15 and 17). Concerning capital productivity using constant dollars ariables,v the notion would be one big leap.

11 We interpret. Gordon, Robert J. "Interpreting the 'One Big Wave' in U.S. Long-term Productivity Growth." In Productivity, Technology and Economic Growth.

Edited by. Interpreting the "One Big Wave" in U.S. Long-Term Productivity Growth NBER Working Papers, National Bureau of Economic Research, Inc View citations (23) The Boskin Commission Report and its Aftermath NBER Working Papers, National Bureau of Economic Research, Inc View citations (20) Interpreting the "One Big Wave" in U.S.

Long-Term Productivity Growth w Published: Gordon, Robert J. (ed.) Productivity growth, inflation, and unemployment: The collected essays of Robert J. Gordon, With a foreword by Robert M. Solow. Cambridge; New York and Melbourne: Cambridge University Press, "This paper assesses the standard data on output, labor input, and capital input, which imply "one big wave" in multi-factor productivity (MFP) growth for the United States since The wave-like pattern starts with slow MFP growth in the late 19th century, then an acceleration peaking inand then a deceleration to a slow rate after that returns to the poor performance of "American Macroeconomic Growth in the Era of Knowledge-Based Economic Progress: The Long-Run Perspective." SIEPR Discussion Paper No.

Stanford, California, Gordon, Robert J. "Interpreting the 'One Big Wave' in U.S. Long-Term Productivity Growth." In Productivity, Technology, and Economic Growth, edited by Bart van. In recent years Gordon has turned towards economic history: his current project goes back to Interpreting the "One Big Wave" in U.S.

Long-Term. Get this from a library. Interpreting the. COVID Resources. Reliable information about the coronavirus (COVID) is available from the World Health Organization (current situation, international travel).Numerous and frequently-updated resource results are available from this ’s WebJunction has pulled together information and resources to assist library staff as.

The question is then to what extent labour market institutions account for productivity growth. Regression analysis on a panel of 21 OECD countries covering the period reveals that employment protection is relevant but that the impact is qualitatively different before and after   Interpreting the "One Big Wave" in U.S.

Long-Term Productivity Growth Robert J. Gordon # (EFG, PR) The Rise and Fall of Foreign Exchange Market Intervention Anna J. Schwartz # (IFM, ME) Determinants of Long-Term Growth: A Bayesian Averaging of Classical Estimates (BACE) Approach.

Interpreting the "One Big Wave" in U.S. Long-Term Productivity Growth by Robert J. Gordon; The Boskin Commission Report and its Aftermath by Robert J. Gordon; Does the "New Economy" Measure up to the Great Inventions of the Past.

by Robert J. Gordon; Technology and Economic Performance in the American Economy. However, aroundU.S. economic growth accelerated, driven by faster productivity growth. From tothe growth rate of output per hour, a measure of labor productivity, had only averaged around one-percent per year.

But by the mid s, growth. Productivity Race and Market Services and the Productivity Race, and Robert Gordon, “Interpreting the „One Big Wave‟ in U.

Long-term Productivity Growth” and “Two Centuries of Economic Growth: Europe Chasing the American Frontier” Week 2 Pre-industrial America (September 22) Main subjects: Place and population.

#N#Robert James " Bob " Gordon is an American economist. He is the Stanley G. Harris Professor of the Social Sciences at Northwestern University. He is known for his work on productivity, growth, the causes of unemployment, and airline economics. 2 Career and Alma mater: Harvard University (), Oxford.

^ Gordon, Robert J. (), "Interpreting the 'One Big Wave' in U.S. Long-term Productivity Growth," Productivity, Technology and Economic Growth, v.

^ Foundations of the Goldilocks Economy: Supply Shocks and the Time-Varying NAIRU. By Robert J. Gordon. Northwestern University and NBER. Inequality soared in the U. after the mids yet technical change slowed markedly, at least as measured by the growth in multi-factor productivity (MFP).

The core years for the rise in inequality,come close to matching the years of the MFP growth slowdown, Cited by: 2. Broadberry, The Productivity Race and Market Services and the Productivity Race, and Robert Gordon, “Interpreting the „One Big Wave‟ in U.

S. Long-term Productivity Growth” and “Two Centuries of Economic Growth: Europe Chasing the American Frontier” Week 2 Pre-industrial America.Раніше поширеною була думка, що автоматизація діловодства збільшує продуктивність праці (або total factor productivity [en]).Однак, судячи з усього growth accounts [en] не підтвердив цю думку.

Від початку х до початку х зростання.The growth of productivity—output per unit of input—is the fundamental determinant of the growth of a country’s material standard of living. The most commonly cited measures are output per worker and output per hour—measures of labor productivity.

One cannot have sustained growth in output per person—the most general measure of a country’s material standard of [ ].