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The U.S. has been experiencing a slowdown in measured labor productivity growth since 2004. A number of commentators and researchers have suggested that this slowdown is at least in part illusory, because real output data have failed to capture the new and better products of the past decade. I...
Persistent link: https://www.econbiz.de/10012999443
Aggregate measures of real GDP growth obtained from the GDP by Industry Accounts often differ from the featured measure of real GDP growth obtained from the National Income and Product Accounts (NIPAs). We find that differences in source data account for most of the difference in aggregate real...
Persistent link: https://www.econbiz.de/10013210537
practical problems of implementing it. All of these data are underpinned by the International Comparison Program (ICP), which … important areas: how to handle international differences in quality, the treatment of urban and rural areas of large countries … to which they are put. Some international comparisons are close to impossible, even in theory, and in others, the …
Persistent link: https://www.econbiz.de/10012758136
recognizes that while they all follow international standards to high degree, differences still exist which may or may not effect … international comparability. International coordination is the key to making the standard meet this purpose. The United Kingdom … system, as an example of the European system, best meets the standard for international comparison purposes …
Persistent link: https://www.econbiz.de/10013229136
index number formula. The great variation in relative prices and quantities in the international context means that the …
Persistent link: https://www.econbiz.de/10013137597
This paper combines tax, survey, and national accounts data to estimate the distribution of national income in the United States since 1913. Our distributional national accounts capture 100% of national income, allowing us to compute growth rates for each quantile of the income distribution...
Persistent link: https://www.econbiz.de/10012966935
This paper develops a satellite account for the US health sector and measures productivity growth in health care for the elderly population between 1999 and 2012. We measure the change in medical spending and health outcomes for a comprehensive set of 80 conditions. Medical care has positive...
Persistent link: https://www.econbiz.de/10013240641
In the past two decades the widely reported personal saving rate in the United States has dropped from double digits to below zero. First, we attempt to account for the decline in the National Income and Product Accounts (NIPA) saving rate. The macroeconomic literature suggests that about half...
Persistent link: https://www.econbiz.de/10013220783
parliamentary democracies (Europe) and presidential-congressional systems (USA) to show that increasing tax competition is likely to …
Persistent link: https://www.econbiz.de/10012762903
We examine the role of the ICT revolution in driving productivity growth behavior for the United States and an aggregate of ten Western European nations (the EU-10) from 1977 to 2015. We find that the standard growth accounting approach is deficient when it separates sources of growth between...
Persistent link: https://www.econbiz.de/10013312125