Open AccessBook
Resource and output trends in the United States since 1870
Reads0
Chats0
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
Energy, industry and politics: Energy, vested interests, and long-term economic growth and development
TL;DR: Schumpeter and Olson as mentioned in this paper argue that states that are unable to prevent vested interests from blocking structural change will get locked into yesterday's technologies, industries and energy systems, effectively consigning themselves to stagnation and decline.
Journal ArticleDOI
Macro-level indicators of the relations between research funding and research output
TL;DR: In response to the call for a science of science policy, this work discusses the contribution of indicators at the macro-level of nations from a scientometric perspective and relates percentages of world share of publications to government expenditure in academic research.
Posted Content
International Technology Diffusion
TL;DR: In this paper, the authors discuss the concept and empirical importance of international technology diffusion from the point of view of recent work on endogenous technological change and present a review of recent empirical results on (i) basic results on technology diffusion; (ii) the importance of specific channels of diffusion, in particular trade and foreign direct investment; (iii) the spatial distribution of technological knowledge and (iv) other issues.
Journal ArticleDOI
Knowledge economy measurement: Methods, results and insights from the Malaysian Knowledge Content Study
TL;DR: In this paper, the authors discuss the methodology and results of a project to develop sectoral knowledge content measures in Malaysia, through a survey of over 1800 Malaysian firms in 18 manufacturing and services industries, levels of knowledge content are assessed by sector.
Journal ArticleDOI
Technology Adoption Costs and Productivity Growth: The Transition to Information Technology
TL;DR: Using two panels of U.S. manufacturing industries, the authors estimates capital adjustment costs from 1961 to 1996, and finds that from 1974-1983 adjustment costs rose sharply, they more than doubled from about 3% of output to around 7%.