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Fernald, John G. - 2015

Modern growth theory suggests that more than 3/4 of growth since 1950 reflects rising educational attainment and research intensity. As these transition dynamics fade, U.S. economic growth is likely to slow at some point. However, the rise of China, India, and other emerging economies may allow...

Persistent link: https://www.econbiz.de/10013034346

Are Ideas Getting Harder to Find?

Bloom, Nicholas - 2017

In many growth models, economic growth arises from people creating ideas, and the long-run growth rate is the product of two terms: the effective number of researchers and their research productivity. We present a wide range of evidence from various industries, products, and firms showing that...

Persistent link: https://www.econbiz.de/10012948079

Are ideas getting harder to find?

Bloom, Nicholas; Jones, Charles I.; Van Reenen, John; … - 2017

Persistent link: https://www.econbiz.de/10011737751

The Allocation of Talent and U.S. Economic Growth

Hsieh, Chang-Tai - 2013

Over the last 50 years, there has been a remarkable convergence in the occupational distribution between white men, women, and blacks. We measure the macroeconomic consequences of this convergence through the prism of a Roy model of occupational choice in which women and blacks face frictions in...

Persistent link: https://www.econbiz.de/10013088678

Notes on Growth Accounting

Barro, Robert J. - 2021

Growth accounting breaks down economic growth into components associated with changes in factor inputs and the Solow residual, which reflects technological progress and other elements. This exercise is generally viewed as a preliminary step for the analysis of fundamental determinants of growth...

Persistent link: https://www.econbiz.de/10013243370

The Upcoming Slowdown in U.S. Economic Growth

Jones, Charles I. - 2021

research intensity, and the increased openness and development of the world economy. Such changes suggest, contrary to the … conventional view, that the U.S. economy is far from its steady state balanced growth path. The theoretical framework analyzed here … provides a coherent interpretation of this evidence and indicates that when these increases cease and the U.S. economy reaches …

Persistent link: https://www.econbiz.de/10013243934

Was an Industrial Revolution Inevitable? Economic Growth Over the Very Long Run

Jones, Charles I. - 2021

simulated economy indicates that the single most important factor in the transition to modern growth has been the increase in …

Persistent link: https://www.econbiz.de/10013245308

Determinants of Economic Growth : A Cross-Country Empirical Study

Barro, Robert J. - 2021

Empirical findings for a panel of around 100 countries from 1960 to 1990 strongly support the general notion of conditional convergence. For a given starting level of real per capita GDP, the growth rate is enhanced by higher initial schooling and life expectancy, lower fertility, lower...

Persistent link: https://www.econbiz.de/10013217934

The Coronavirus and the Great Influenza Pandemic : Lessons from the “Spanish Flu” for the Coronavirus's Potential Effects on Mortality and Economic Activity

Barro, Robert J. - 2020

Mortality and economic contraction during the 1918-1920 Great Influenza Pandemic provide plausible upper bounds for outcomes under the coronavirus (COVID-19). Data for 48 countries imply flu-related deaths in 1918-1920 of 40 million, 2.1 percent of world population, implying 150 million deaths...

Persistent link: https://www.econbiz.de/10012838985

Crises, rescues, and policy transmission through international banks

Buch, Claudia M.; Koch, Cathérine Tahmee; Koetter, Michael - 2011

The World Financial Crisis has shaken the fundamentals of international banking and triggered a downward spiral of asset prices. To prevent a further meltdown of markets, governments have intervened massively through rescues measures aimed at recapitalizing banks and through liquidity support....

Persistent link: https://www.econbiz.de/10010306000