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On a long-term assessment, the economic situation in the industrial countries has grown more difficult. Unemployment is higher than it was in the 1960s, while growth both in the economy as a whole and in productivity is now slower. High labour costs are frequently cited as the underlying cause...
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The nineteenth century was a period of expansion and transformation of American agriculture. While much is known about the process, the exact pace and timing of agricultural productivity change is still unresolved. The traditional view is one of continued progress in which output and...
Persistent link: https://www.econbiz.de/10012475409
The current view of U.S. economic growth before 1860 is based on the conjectural estimates of output made by Paul David (1967). This paper sets forth new estimates of the farm labor force for the period 1800 to 1860 and uses them to revise those conjectures about growth of per capita output. An...
Persistent link: https://www.econbiz.de/10012475888
This paper sets forth new estimates of the farm labor force covering the period 1820 to 1860, for the United States and the major geographic regions. At the national level, the new figures are noticeably different from the previous estimates. In particular, the new estimates lower the 1820 farm...
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"Tourism today is an activity of substantial economic importance worldwide, and has been for some time. Tourism is also of substantial economic importance in the United States, sufficient to warrant the Bureau of Economic Analysis's establishing special accounts on travel and tourism. In this...
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