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Multifactor productivity growth in the U.S. economy between 1919 and 1929 was almost entirely attributable to advance … manufacturing productivity. The sector contributed 83 percent of the 2.02 percent per year overall advance in the private nonfarm … IT with the portion of capital deepening's effect on labor productivity associated with the accumulation of specific IT …
Persistent link: https://www.econbiz.de/10012755212
, help provide answers to the latter question. A persisting productivity windfall associated with the build out of the …
Persistent link: https://www.econbiz.de/10014047773
accumulation, a surge in hours worked, and faster growth of total factor productivity. The acceleration of productivity growth …
Persistent link: https://www.econbiz.de/10012444166
Does the concept of General Purpose Technologies help explain periods of faster and slower productivity advance in … economies? The paper develops a new comparative data set on the usage of electricity in the manufacturing sectors of the USA …, Britain, France, Germany and Japan and proceeds to evaluate the hypothesis of a productivity bonus as postulated by many …
Persistent link: https://www.econbiz.de/10010252126
value is not reflected in measured growth and productivity. To capture the contribution of the "free" Internet, we model the … transaction at production cost. When we incorporate this implicit transaction into U.S. gross domestic product (GDP), productivity …
Persistent link: https://www.econbiz.de/10011891856
This paper examines the impacts of banking market structure and regulation on economic growth using new data on banking market concentration and manufacturing industry-level growth rates for U.S. states during 1899-1929 — a period when the manufacturing sector was expanding rapidly and...
Persistent link: https://www.econbiz.de/10013115288
This study examines the interaction across all combinations of the political parties in control of the White House and both chambers of Congress. Past economic growth is not significantly different under Republican and Democratic presidential administrations. Nor does the party that controls the...
Persistent link: https://www.econbiz.de/10012840934
Texas, California, Arizona, New Mexico, Colorado, Utah, Wyoming and Nevada had they not joined the USA. We show that the … growth paths of Puerto Rico, Cuba, the Philippines and Greenland in the scenario where they joined the USA at times in … institutional quality of the USA as a whole matches the quality predicted for New England most closely. This suggests that upon …
Persistent link: https://www.econbiz.de/10012842927
In several articles published in the 1990s, de Long and Summers argued that investment in producer durables had a high propensity to generate externalities in using industries, resulting in a systematic and substantial divergence between its social and private return. They maintained, moreover,...
Persistent link: https://www.econbiz.de/10012766620
Higher economic growth was generated during Democratic presidencies compared to Republican presidencies in the United States. The question is why. Blinder and Watson (2016) explain that the Democratic-Republican presidential growth gap (D-R growth gap) can hardly be attributed to the policies...
Persistent link: https://www.econbiz.de/10011663552