Citation

Discussion Paper Details

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Title: Revisiting U. S. productivity Growth over the Past Century with a View of the Future

Author(s): Robert J Gordon

Publication Date: September 2010

Keyword(s): capital quality, human capital, labor quality, labour productivity, long-term economic growth, multi-factor productivity and U. S. economic history

Programme Area(s): International Macroeconomics

Abstract: This paper provides three perspectives on long-run growth rates of labor productivity (LP) and of multi-factor productivity (MFP) for the U. S. economy. It extracts statistical growth trends for labor productivity from quarterly data for the total economy going back to 1952, provides new estimates of MFP growth extending back to 1891, and tackles the problem of forecasting LP and MFP twenty years into the future.

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Bibliographic Reference

Gordon, R. 2010. 'Revisiting U. S. productivity Growth over the Past Century with a View of the Future'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=7991