Open AccessBook
Resource and output trends in the United States since 1870
TLDR
In this paper, a very brief treatment of three questions relating to the history of our economic growth since the Civil War is given, namely: (1) How large has been the net increase of aggregate output per capita, and to what extent has this increase been obtained as a result of greater labor or capital input on the one hand and of a rise in productivity on the other? (2) Is there evidence of retardation, or conceivably acceleration, in the growth of per capita output? (3) Have there been fluctuations in the rate of growth of output, apartAbstract:
Introduction This paper is a very brief treatment of three questions relating to the history of our economic growth since the Civil War: (1) How large has been the net increase of aggregate output per capita, and to what extent has this increase been obtained as a result of greater labor or capital input on the one hand and of a rise in productivity on the other? (2) Is there evidence of retardation, or conceivably acceleration, in the growth of per capita output? (3) Have there been fluctuations in the rate of growth of output, apart from the shortterm fluctuations of business cycles, and, if so, what is the significance of these swings? The answers to these three questions, to the extent that they can be given, represent, of course, only a tiny fraction of the historical experience relevant to the problems of growth. Even so, anyone acquainted with their complexity will realize that no one of them, much less all three, can be treated satisfactorily in a short space. I shall have to pronounce upon them somewhat arbitrarily. My ability to deal with them at all is a reflection of one of the more important, though one of the less obvious, of the many aspects of our growing wealth, namely, the accumulation of historical statistics in this country during the last generation. For the most part, the figures which I present or which underlie my qualitative statements are taken directly from tables of estimates of national product, labor force, productivity, and the like compiled by others.read more
Citations
More filters
Journal ArticleDOI
Trade Intensity Spillover Effects on East Asian Sustainable Economic Growth
TL;DR: In this paper, the authors found that the impact of trade intensity is positive with little contribution to TFP intensity growth with light contribution of labour productivity to these countries economic growth, with the exception of Japan and South Korea.
Journal ArticleDOI
Foreign Direct Investment, Female Education, Capital Formation, and Economic Growth in Japan and South Korea
TL;DR: In this article, the role of foreign direct investment (FDI) on host country's economic growth is examined and the influence of FDI on the economic growth of the host country is discussed.
Journal ArticleDOI
The Efficient Queue and the Case Against Dynamic Pricing
TL;DR: Surge pricing is also anticompetitive in the sense that it reduces the power of the competitive pricing that prevails before a surge in demand to carry over into the surge period as mentioned in this paper.
Journal ArticleDOI
Monitoring agricultural productivity for sustainable production and R&D planning
David Laborde,Valeria Piñeiro +1 more
TL;DR: Argentina's G20 presidency has emphasized the need to improve soil management and sustainably increase agricultural productivity to achieve an inclusive and resilient food future as mentioned in this paper, while increasing agricultural productivity can improve economic welfare and help address food security problems by benefiting both consumers and producers simultaneously, it also must address the depletion of already scarce natural resources.
ReportDOI
Impact of Early Stage Equity Funds in Latin America
Josh Lerner,Josh Lerner,James Tighe,Steve Dew,Vladimir Bosiljevac,Ann Leamon,Sandro Díez-Amigo,Maria Susana Garcia-Robles +7 more
TL;DR: In this paper, the Multilateral Investment Fund (MIF), a member of the Inter-American Development Bank (IDB) Group, commissioned the research team to prepare a report on the effectiveness of some recent venture capital fund investments in Latin America.