DP17320 Dale W. Jorgenson: An intellectual biography

Author(s): John Fernald
Publication Date: May 2022
Keyword(s): Dale Jorgenson, Growth accounting, investment
JEL(s): B21, B31, D20, O40
Programme Areas: Macroeconomics and Growth
Link to this Page: cepr.org/active/publications/discussion_papers/dp.php?dpno=17320

Dale W. Jorgenson has been a central contributor to a wide range of economic and policy issues over a long and productive career. His research is characterized by a tight integration of economic theory, appropriate data that matches the theory, and sound econometrics. His groundbreaking work on the theory and empirics of investment established the research path for the economics profession. He is a founder of modern growth accounting: Official statistics in many countries, including the United States, implement Jorgenson's methods. Relatedly, without Jorgenson's unflagging efforts, consistent industry KLEMS datasets for many countries-which have been widely used in recent decades for growth accounting, econometrics, and other applications-would not exist. Jorgenson is also a pioneer in econometric modeling of producer and consumer behavior and of econometrically estimated, intertemporal general equilibrium modeling for policy analysis.