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
Posted Content
The Measurement of Productivity for Nations
W. Erwin Diewert,Alice Nakamura +1 more
TL;DR: In this paper, the authors cover the theory and methods for productivity measurement for nations and define labor, multifactor and total factor productivity measures are related to each other and to gross domestic product (GDP) per capita.
Journal ArticleDOI
Will progress in science and technology avert or accelerate global collapse? A critical analysis and policy recommendations
TL;DR: The traditional interpretation of the I = PAT equation reflects the optimistic belief that technological innovation, particularly improvements in eco-efficiency, will significantly reduce the technology (T) factor, and thereby result in a corresponding decline in impact (I) as mentioned in this paper.
Journal ArticleDOI
Debtor Rights, Credit Supply, and Innovation
TL;DR: It is shown that stronger debtor protection can dampen innovative activities by tightening the availability of external finance to innovators, an effect amplified in industries with a high dependence on external finance.
Journal ArticleDOI
Enhancing national innovative capacity: The impact of high-tech international trade and inward foreign direct investment
Jie Wu,Zhenzhong Ma,Shuaihe Zhuo +2 more
TL;DR: In this paper, the authors investigated 80 countries in the years of 1981-2010 and found that international patenting activities vary across countries, and that strong IPR protection has a negative impact on emerging innovator countries' national innovative capacity.