Unbalanced growth and the U.S. productivity slowdown

Paul Bauer ()

Economic Commentary, 1992, issue Jan 1

Abstract: An explanation of the slower trend rate of U.S. productivity growth in the past two decades as a natural response to unbalanced growth, whereby resources are shifted from sectors with high productivity growth rates to those with lower rates, such as the rapidly expanding service sector.

Keywords: Productivity (search for similar items in EconPapers)
Date: 1992

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