Projecting Productivity Growth: Lessons from the U.S. Growth Resurgence

Jorgenson, Dale W.; Ho, Mun S.; Stiroh, Kevin J.

doi:10.1007/978-1-4615-0325-5_3

Cited by 75 publications

(87 citation statements)

References 13 publications

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“…The substantial role that information technology played in the U.S. productivity revival has been additionally confirmed by Jorgenson et al (2002) [12] and Daveri (2003). The latter stated that the limited growth-improving effects from information technologies in countries other than the U.S. have happened in the IT-producing sectors, while the IT-using industries have contributed bulk of the productivity gains in the U.S [13].…”

mentioning

confidence: 88%

On the Pulse of ICT Revolution, Productivity, and Growth: Macedonia versus European Union

Kostoska

Hristoski

2016

Proccedings of the ICAIIT2016

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Abstract. Information and Communication Technologies (ICTs) have become more accessible, more powerful and more widespread. Yet, the use of ICTs is not an end in itself. The impact that such technologies have on the economy and society is what ultimately matters. Understanding the economics of ICTs requires a deep and thorough knowledge of how the new technology generates the economic impacts. The ICT revolution holds the transformative potentials, offering many promises and benefits, even while posing severe risks and challenges. Therefore, it is of great importance and still a challenge to measure the capacity of countries to leverage ICTs for increased competitiveness and wellbeing. Aimed at reaching such a complex task, this paper employs the extensive data compendium of the Networked Readiness Index (NRI) 2015 and a set of supplemental data analysis tools (descriptive statistics, five-number summary statistics and a Box & Whisker plot, Euclidean and statistical distances, hierarchical cluster analysis and a corresponding dendrogram) to estimate both the performance of Macedonia in the NRI and the country's relative position vis-à-vis the EU member states. Looking at the trends since 2012 reveals that Macedonia is one of the ten most improved countries in their overall NRI performance. Nevertheless, the findings suggest that the country is lagging behind the European average in most indicators. The EU member states with the shortest statistical distance from Macedonia are Croatia, Cyprus, Romania, Hungary and Slovenia. Quite the reverse, the Nordics (Finland, Sweden and Denmark) and Western Europe (Luxemburg, Netherlands and UK) are the most 'distant' countries from Macedonia. These latter findings confirm the results obtained by the five-number summary statistics and the hierarchical cluster analysis.

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confidence: 88%

On the Pulse of ICT Revolution, Productivity, and Growth: Macedonia versus European Union

Kostoska

Hristoski

2016

Proccedings of the ICAIIT2016

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“…The labor input data used in the present study was constructed by Professor Yue Ximing in Renmin University, based on the value estimates from the time-series IO tables and data from the household survey of income distributions in China. 2 The methodology used in this study to compile the output, capital, labor and intermediate inputs closely follows that in Ho and Jorgenson (2001), Jorgenson et al (2005) and Jorgenson et al (1987). The present paper provides a short description of the method of calculating the price and quantity index of conventional gross outputs and all inputs.…”

Section: Datamentioning

confidence: 98%

Measuring Green Productivity Growth for China's Manufacturing Sectors: 1991–2000*

Cao

2007

Asian Economic Journal

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Over the past two decades, China has sustained rapid economic growth of 8–10 percent, part of which is attributed to the positive total factor productivity (TFP) growth. However, this extraordinary economic performance has been accompanied by severe environmental pollution and associated health damage. The conventional TFP method is biased in interpreting the progress of technology change because it does not consider non‐marketable residues, such as environmental pollution, and, hence, efficiency improvements in terms of pollution abatement technology and environmentally friendly management are ignored. This bias might direct our attention to less efficient use of environmental friendly abatement technologies or send wrong signals to policy‐makers. To address this issue, the present paper applies a modified welfare‐based green TFP approach, treating environmental damage as non‐desirable (negative) residual output. Therefore, environmental efficiency is taken into account to accurately interpret technological progress from a social welfare point of view. Based on a national time‐series input–output table, historical capital and labor input data for China and sectoral level air pollution emission data from 1991 to 2000, the empirical results suggest that with increasingly stringent environmental regulations, many pollution intensive sectors, such as electricity, primary metal and chemical industries, improved their environmental efficiency in the late 1990s. However, because of the weak environmental regulations in construction and transportation, and in sectors primarily composed of small private or township and village industrial enterprises, firms within these industries contributed to increasing environmental degradation.

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“…Among the more important aggregate (not industry-level) studies are Oliner and Sichel (2002) and Jorgenson, Ho, and Stiroh (2002, 2003. Although the studies' details differ, at the aggregate level of the national economy the authors attribute approximately three-fifths of the acceleration in labor productivity during the second half of the 1990s to capital deepening and two-fifths to increases in MFP.…”

Section: Empirical Estimates Of Accelerating Aggregate Labor Productimentioning

confidence: 99%

The 1990s Acceleration in Labor Productivity: Causes and Measurement

Anderson¹,

Kliesen²

2006

ICPSR Data Holdings

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Projecting Productivity Growth: Lessons from the U.S. Growth Resurgence

Cited by 75 publications

References 13 publications

On the Pulse of ICT Revolution, Productivity, and Growth: Macedonia versus European Union

On the Pulse of ICT Revolution, Productivity, and Growth: Macedonia versus European Union

Measuring Green Productivity Growth for China's Manufacturing Sectors: 1991–2000*

The 1990s Acceleration in Labor Productivity: Causes and Measurement

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