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Productivity. In 2 vol. Vol. 1. Postwar U.S. economics growth

Опубликовано на портале: 25-10-2003
Cambridge, Mass: MIT Press, 1995, 434 с.
These volume present empirical studies that have permanently altered professional debates over investment and productivity as sources of postwar economic growth in industrialized countries. The distinctive feature of investment is that returns can be internalized by the investor. The most straightforward application of this idea is to investments that create property rights, but these volumes broaden the meaning of capital formation to include investments in education and training.

Postwar U.S. Economic Growth traces the outstanding postwar performance of the U.S. economy to investments in tangible assets and human capital. This volume provides the starting point for a new consensus on policies to generate growth by stimulating and rewarding investments. These policies will focus on returns that can be internalized by investors, ending the fruitless search for "spill overs" that can generate substantial growth without providing incentives for capital formation.

    List of Tables


    List of Sources

  1. Productivity and Postwar U.S. Economic Growth
    Dale W. Jorgenson
      1.1 Introduction
      1.2 Sources of U.S. Economic Growth
      1.3 Aggregation over Sectors
      1.4 Econometric Modeling of Production
      1.5 Conclusion
      1.6 Appendix: Methodology and Data Sources
  2. The Embodiment Hypothesis
    Dale W. Jorgenson
      2.1 Introduction
      2.2 Theory
      2.3 Measurement
      2.4 Explanation
      2.5 Prediction
      2.6 Mathematical Appendix
  3. The Explanation of Productivity Change
    Dale W. Jorgenson and Zvi Griliches
      3.1 Introduction
      3.2 Theory
      3.3 Measurement
      3.4 Summary and Conclusion
      3.5 Statistical Appendix
  4. Issues in Growth Accounting: A Reply to Edward F. Denison
    Dale W. Jorgenson and Zvi Griliches
      4.1 Introduction
      4.2 Measurement of Output
      4.3 Measurement of Capital Input
      4.4 Relative Utilization of Capital
      4.5 Measurement of Labor Input
      4.6 Measurement of Total Factor productivity
      4.7 Major Issues in Growth Accounting
      4.8 Final Reply
  5. Measuring Economic Performance in the Private Sector
    L.R. Christensen and Dale W. Jorgenson
      5.1 Introduction
      5.2 Income and Wealth
      5.3 Index Numbers
      5.4 Perpetual Inventory
      5.5 Production Account
      5.6 Income and Expenditure, Accumulation, and Wealth Accounts
      5.7 Extending the Accounting Framework
  6. The Accumulation of Human and Nonhuman Capital, 1948-84
    Dale W. Jorgenson and Barbara M. Fraumeni
      6.1 Introduction
      6.2 Methodology
      6.3 Production
      6.4 Income and Expenditure
      6.5 Accumulation and Wealth
      6.6 Conclusion
  7. The Output of the Education Sector
    Dale W. Jorgenson and Barbara M. Fraumeni
      7.1 Introduction
      7.2 Market and Nonmarket Labor Incomes
      7.3 Investment in Education
      7.4 Conclusion
      7.5 Appendix
  8. Investment in Education and U.S. Economic Growth
    Dale W. Jorgenson and Barbara M. Fraumeni
      8.1 Introduction
      8.2 Sources of Growth
      8.3 Conclusion
  9. Productivity Growth in U.S. Agriculture: A Postwar perspective
    Dale W. Jorgenson and Frank M. Gollop
      9.1 Introduction
      9.2 Patterns of Productivity Growth
      9.3 Input quality
      9.4 Conclusion



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