{"title":"Productivity and Growth over the Years at BPEA","authors":"Robert Gordon","doi":"10.1353/eca.2021.0003","DOIUrl":null,"url":null,"abstract":"ABSTRACT:Over the past fifty years BPEA authors have written extensively about both domestic US productivity growth and international sources of growth differences in rich and poor countries. This paper summarizes and evaluates five BPEA papers on US productivity growth that focus primarily on the sources of the post-1965 growth slowdown and post-1995 growth revival. Then three papers are reviewed on international growth differences, highlighting the difficulties of empirically determining the sources of growth and the competing roles in growth outcomes of structural factors like geography and demography versus policy and governmental issues, including legal systems, property rights, and absence of corruption.","PeriodicalId":51405,"journal":{"name":"Brookings Papers on Economic Activity","volume":"45 1","pages":"213 - 229"},"PeriodicalIF":2.7000,"publicationDate":"2022-01-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Brookings Papers on Economic Activity","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1353/eca.2021.0003","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 1
Abstract
ABSTRACT:Over the past fifty years BPEA authors have written extensively about both domestic US productivity growth and international sources of growth differences in rich and poor countries. This paper summarizes and evaluates five BPEA papers on US productivity growth that focus primarily on the sources of the post-1965 growth slowdown and post-1995 growth revival. Then three papers are reviewed on international growth differences, highlighting the difficulties of empirically determining the sources of growth and the competing roles in growth outcomes of structural factors like geography and demography versus policy and governmental issues, including legal systems, property rights, and absence of corruption.
期刊介绍:
The Brookings Papers on Economic Activity (BPEA) is a semi-annual academic conference and journal that pairs rigorous research with real-time policy analysis to address the most urgent economic challenges of the day. Working drafts of the papers are presented and discussed at conferences typically held twice each year, and the final versions of the papers and comments along with summaries of the general discussions are published in the journal several months later. The views expressed by the authors, discussants and conference participants in BPEA are strictly those of the authors, discussants and conference participants, and not of the Brookings Institution. As an independent think tank, the Brookings Institution does not take institutional positions on any issue.