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
A macroeconomic analysis of the returns to public R&D investments
TL;DR: The authors analyzed the economic returns to public R&D investments in 22 OECD countries and found that the economic return to scientific research seems to depend on the specific national context, such as the stock of inward and outward foreign direct investment and the shares of high-tech imports and exports.
Posted Content
The Implications of New Organizational Techniques for Developing Countries
TL;DR: In this paper, the authors examined the nature of changes occurring in industrial organisation in the 1990s and the experience of developing countries in adopting the emerging form of organisation or "mass customisation" These changes include a drive towards product heterogeneity and innovation, and enhanced levels of product quality without sacrificing price competitiveness; the use of flexible machinery, often involving electronics-based automation technologies; the introduction of new forms of work organisation involving teamwork, the multi-directional flow of information, and delaying of managerial hierarchies; the search for firm economies of scope; and the pursuit of "systemic
Journal ArticleDOI
The Economic Rise and Fall of the Great Powers: Technological and Industrial Leadership since the Industrial Revolution
TL;DR: The authors compared five periods of industrial leadership, from the Industrial Revolution until today, to analyze why certain nations have been better able to rise to industrial leadership and stay there, than others.
Progres technique endogene
TL;DR: In this paper, the authors show that the stock of human capital determines the rate of growth, that too little human capital is devoted to research in equilibrium, that integration into world markets will increase growth rates, and that having a large population is not sufficient to generate growth.