Forecasts for the two or three years after mid-2014 have converged on growth rates of real GDP in the range of 3.0 to 3 … are based on the demand for goods and services. Less attention has been paid to how the accelerated growth of real GDP …-force participation rate? The paper develops a new and surprisingly simple method of calculating the growth rate of potential GDP over the …

We build on the Maddison GDP data to assemble international time series from before 1914 on real per capita personal … consumer expenditure, C. We also improve the GDP data in many cases. The C variable comes closer than GDP to the consumption …-durables is feasible for only a minority of cases.) We have essentially full annual data on C for 22 countries and GDP for 35 …

20 years (2007-2027) growth in real potential GDP will be 2.4 percent (the same as in 2000-07), growth in total economy ….05 percent. The implied forecast 1.50 percent growth rate of per-capita real GDP falls far short of the historical achievement of …

We show how technical change, measured as a shift in the GDP function, is combined with net income to track welfare …

Two often-divergent U.S. GDP estimates are available, a widely-used expenditure side version, GDPE, and a much less … put the theory to work, producing a superior combined estimate of GDP growth for the U.S., GDPC. We compare GDPC to GDPE …