The Sources of Growth in a Technologically Progressive Economy: The United States, 1899–1941

Autor:	Pieter Woltjer, Nicholas Crafts, Gerben Bakker
Přispěvatelé:	Research programme GEM
Rok vydání:	2019
Předmět:	HD Economics and Econometrics total factor productivity HC Economic History and Conditions INDUSTRY CHINA EXPLANATION 0502 economics and business Economics Life Science 050207 economics China Industrial Revolution Total factor productivity Productivity 050208 finance PRODUCTIVITY E151 United States (General) great inventions 05 social sciences productivity growth GREAT-DEPRESSION United States Economy 8. Economic growth Great Depression spillovers history
Zdroj:	Economic Journal, 129(622), 2267-2294. Wiley The Economic Journal 129 (2019) 622 The Economic Journal, 129(622), 2267-2294
ISSN:	1468-0297 0013-0133
DOI:	10.1093/ej/uez002
Popis:	We develop new aggregate total factor productivity (TFP) growth estimates for the USA between 1899 and 1941, and sectoral estimates at the most disaggregated level so far, 38 industries. We include hard-to-measure services, and a refined measure of sectoral labour quality growth. The resulting data set supersedes Kendrick (1961), showing TFP growth lower than previously thought, broadly based across industries, and strongly variant intertemporally. The four ‘great inventions’ that Gordon (2016) highlighted were important but less dominant in TFP growth than their predecessors in the British industrial revolution. The findings also make it unlikely the 1930s had the twentieth century's highest TFP growth.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_dedup___::5a0fb8f1279d1136ff1123e9a8123421 https://doi.org/10.1093/ej/uez002 Zobrazit plný text záznamu Plný text ve formátu PDF Plný text ve formátu HTML
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