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
Sources of india's accelerated growth and the vision of indian economy in 2020
TL;DR: In this paper, the authors present a broad vision of Indian economy over the next two decades and examine some aspects of the macroeconomic strategy that could be designed to achieve the specific goals associated with such a vision.
Journal ArticleDOI
Consumption growth accounting
TL;DR: In this paper, the authors combine an input-output structural decomposition approach with the supply-side perspective of mainstream growth accounting to explain the intertemporal change in consumption per worker.
Journal ArticleDOI
Economic growth--human capital nexus in post-soviet ukraine, 1989-2009
TL;DR: In this paper, the authors present theoretical and empirical investigation of economic growth and the possible impact of human capital on economic growth in Ukraine, the Russian Federation, Poland, and Hungary during the period of 1989-2009.
Total factor productivity (tfp) growth of agriculture in pakistan: trends in different time horizons
Asghar Ali,Muhammad Ashfaq +1 more
TL;DR: In this paper, the authors estimated total factor productivity (TFP) growth of agriculture sector of Pakistan for the period 1971-2006 by employing Tornqvist-Theil (T-T) index number methodology.