Trends In American Economic Growth 1929 1982

Author : Edward Denison
Publisher : Brookings Institution Press
ISBN 13 : 9780815719755
Total Pages : 172 pages
Book Rating : 4.52/5 ( download)

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Download or read book Trends in American Economic Growth written by Edward Denison and published by Brookings Institution Press. This book was released on 2011-10-01 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: The growth rate of national income has fluctuated widely in the United States since 1929. In this volume, Edward F. Denison uses the growth accounting methodology he pioneered and refined in earlier studies to track changes in the trend of output and its determinants. At every step he systematically distinguishes changes in the economy’s ability to produce—as measured by his series on potential national income—from changes in the ratio of actual output to potential output. Using data for earlier years as a backdrop, Denison focuses on the dramatic decline in the growth of potential national income that started in 1974 and was further accentuated beginning in 1980, and on the pronounced decline from business cycle to business cycle in the average ratio of actual to potential output, a slide under way since 1969. The decline in growth rates has been especially pronounced in national income per person employed and other productivity measures as growth of total output has slowed despite a sharp acceleration in growth of employment and total hours at work. Denison organizes his discussion around eight table that divide 1929-82 into three long periods (the last, 1973-82) and seven shorter periods (the most recent, 1973-79 and 1979-82). These tables provide estimates of the sources of growth for eight output measures in each period. Denison stresses that the 1973-82 period of slow growth in unfinished. He observes no improvement in the productivity trend, only a weak cyclical recovery from a 1982 low. Sources-of-growth tables isolate the contributions made to growth between “input” and “output per unit of input.” Even so, it is not possible to quantify separately the contribution of all determinants, and Denison evaluates qualitatively the effects of other developments on the productivity slowdown.

Author : Edward Fulton Denison
Publisher : Washington, D.C. : Brookings Institution
ISBN 13 : 9780815718109
Total Pages : 141 pages
Book Rating : 4.01/5 ( download)

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Download or read book Trends in American Economic Growth, 1929-1982 written by Edward Fulton Denison and published by Washington, D.C. : Brookings Institution. This book was released on 1985 with total page 141 pages. Available in PDF, EPUB and Kindle. Book excerpt:

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Publisher :
ISBN 13 : 9780815718017
Total Pages : 0 pages
Book Rating : 4.12/5 ( download)

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Download or read book Trends in American Economic Growth, 1929-1982 written by and published by . This book was released on 1985 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Statistical analysis of economic growth trends within the framework of periodic business cycles in the USA, 1929 to 1982 - examines growth rates, economic conditions, economic indicators, production and productivity changes; includes input output analysis, a survey of gross domestic product and a study of potential national income and employment policy. References, statistical tables.

Author : Edward Denison
Publisher : Brookings Institution Press
ISBN 13 : 0815719752
Total Pages : 168 pages
Book Rating : 4.55/5 ( download)

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Download or read book Trends in American Economic Growth written by Edward Denison and published by Brookings Institution Press. This book was released on 2011-10-01 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: The growth rate of national income has fluctuated widely in the United States since 1929. In this volume, Edward F. Denison uses the growth accounting methodology he pioneered and refined in earlier studies to track changes in the trend of output and its determinants. At every step he systematically distinguishes changes in the economy’s ability to produce—as measured by his series on potential national income—from changes in the ratio of actual output to potential output. Using data for earlier years as a backdrop, Denison focuses on the dramatic decline in the growth of potential national income that started in 1974 and was further accentuated beginning in 1980, and on the pronounced decline from business cycle to business cycle in the average ratio of actual to potential output, a slide under way since 1969. The decline in growth rates has been especially pronounced in national income per person employed and other productivity measures as growth of total output has slowed despite a sharp acceleration in growth of employment and total hours at work. Denison organizes his discussion around eight table that divide 1929-82 into three long periods (the last, 1973-82) and seven shorter periods (the most recent, 1973-79 and 1979-82). These tables provide estimates of the sources of growth for eight output measures in each period. Denison stresses that the 1973-82 period of slow growth in unfinished. He observes no improvement in the productivity trend, only a weak cyclical recovery from a 1982 low. Sources-of-growth tables isolate the contributions made to growth between “input” and “output per unit of input.” Even so, it is not possible to quantify separately the contribution of all determinants, and Denison evaluates qualitatively the effects of other developments on the productivity slowdown.

Author : Michael D. Bordo
Publisher : University of Chicago Press
ISBN 13 : 0226066959
Total Pages : 545 pages
Book Rating : 4.50/5 ( download)

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Download or read book The Great Inflation written by Michael D. Bordo and published by University of Chicago Press. This book was released on 2013-06-28 with total page 545 pages. Available in PDF, EPUB and Kindle. Book excerpt: Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, improve price-monitoring mechanisms, and facilitate more efficient planning and allocation of resources, thereby raising productivity. This volume focuses on understanding the causes of the Great Inflation of the 1970s and ’80s, which saw rising inflation in many nations, and which propelled interest rates across the developing world into the double digits. In the decades since, the immediate cause of the period’s rise in inflation has been the subject of considerable debate. Among the areas of contention are the role of monetary policy in driving inflation and the implications this had both for policy design and for evaluating the performance of those who set the policy. Here, contributors map monetary policy from the 1960s to the present, shedding light on the ways in which the lessons of the Great Inflation were absorbed and applied to today’s global and increasingly complex economic environment.

Author : M. Abramovitz
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.39/5 ( download)

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Download or read book Resource and Output Trends in the United States Since 1870 written by M. Abramovitz and published by . This book was released on 1973 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : National Academy of Engineering
Publisher : National Academies Press
ISBN 13 : 0309038871
Total Pages : 256 pages
Book Rating : 4.74/5 ( download)

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Download or read book Technology in Services written by National Academy of Engineering and published by National Academies Press. This book was released on 1988-02-01 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Beginning by dispelling some of the myths about services, this provocative volume examines the growth in services, the way technology has shaped this growth, and the consequences for the American economy. Chapters discuss such topics as the effects of technology on employment patterns and wages, international trade in services, and the relationship between services and the traditional manufacturing industries.

Author : Alexander W. Wiseman
Publisher : Emerald Group Publishing
ISBN 13 : 1838677232
Total Pages : 392 pages
Book Rating : 4.37/5 ( download)

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Download or read book Annual Review of Comparative and International Education 2019 written by Alexander W. Wiseman and published by Emerald Group Publishing. This book was released on 2020-06-17 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Annual Review of Comparative and International Education 2019 examines the field of comparative and international education by bringing together scholars, professionals, and other stakeholders to investigate recent developments in the field that are relevant to contemporary and future educational reform and applications worldwide.

Author : Loong-Hoe Tan
Publisher : Institute of Southeast Asian
ISBN 13 : 9971988836
Total Pages : 224 pages
Book Rating : 4.38/5 ( download)

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Download or read book ASEAN-U.S. Economic Relations written by Loong-Hoe Tan and published by Institute of Southeast Asian. This book was released on 1988 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: The volume is divided into four parts. Part I considers the broad trends in the recent economic performances of the United States and the problem of increasing protectionism. Part II analyses the structural adjustments in both the United States and the developing countries in ASEAN. Part III provides analyses of U.S.ASEAN trade in services from both the U.S. and ASEAN perspectives.

Author : Robert E. Lipsey
Publisher : University of Chicago Press
ISBN 13 : 0226484718
Total Pages : 876 pages
Book Rating : 4.16/5 ( download)

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Download or read book The Measurement of Saving, Investment, and Wealth written by Robert E. Lipsey and published by University of Chicago Press. This book was released on 2008-04-15 with total page 876 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is probably no concept other than saving for which U.S. official agencies issue annual estimates that differ by more than a third, as they have done for net household saving, or for which reputable scholars claim that the correct measure is close to ten times the officially published one. Yet despite agreement among economists and policymakers on the importance of this measure, huge inconsistencies persist. Contributors to this volume investigate ways to improve aggregate and sectoral saving and investment estimates and analyze microdata from recent household wealth surveys. They provide analyses of National Income and Product Account (NIPA) and Flow-of-Funds measures and of saving and survey-based wealth estimates. Conceptual and methodological questions are discussed regarding long-term trends in the U.S. wealth inequality, age-wealth profiles, pensions and wealth distribution, and biases in inferences about life-cycle changes in saving and wealth. Some new assessments are offered for investment in human and nonhuman capital, the government contribution to national wealth, NIPA personal and corporate saving, and banking imputation.