Postwar U.S. economic growth
著者
書誌事項
Postwar U.S. economic growth
（Productivity / Dale W. Jorgenson, v. 1）
MIT Press, c1995
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注記
Bibliography: p. [401]-418
Includes index
内容説明・目次
内容説明
These two volumes 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 US Economic Growth traces the outstanding postwar performance of the US 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.
目次
- Part 1 Productivity and postwar US economic growth, D.W. Jorgenson: sources of US economic growth
- aggregation over sectors
- econometric modelling of production
- conclusion
- appendix - methodology and data sources. Part 2 The embodiment hypothesis, D.W. Jorgenson: theory
- measurement
- explanation
- prediction
- mathematical appendix. Part 3 The explanation of productivity change, D.W. Jorgenson and Z. Griliches: theory
- measurement
- summary and conclusion
- statistical appendix. Part 4 Issues in growth accounting - a reply to Edward F. Denison, D.W. Jorgenson and Z. Griliches: measurement of output
- measurement of capital input
- relative utilization of capital
- measurement of labour output
- measurement of total factor productivity
- major issues in growth accounting
- final reply. Part 5 Measuring economic performance in the private sector, L.R. Christensen and D.W. Jorgenson: income and wealth
- index numbers
- perpetual inventory
- production account
- income and expenditure, accumulation, and wealth accounts
- extending the accounting framework. Part 6 The accumulation of human and nonhuman capital, 1948-84, D.W. Jorgenson and B.M. Fraumeni: methodology
- production
- income and expenditure
- accumulation and wealth
- conclusion. Part 7 The output of the education sector, D.W. Jorgenson and B.M. Fraumeni: market and nonmarket labour incomes
- investment in education
- conclusion
- appendix. Part 8 Investment in education and US economic growth, D.W. Jorgenson and B.M. Fraumeni: sources of growth
- conclusion. Part 9 Productivity growth in US agriculture - a postwar perspective, D.W. Jorgenson and F.M. Gallop: patterns of productivity growth
- input quality
- conclusion.
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