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SESSION 5A: PRODUCTIVITY

Paul David and Gavin Wright

The Journal of Economic History, 2001, vol. 61, issue 2, 523-523

Abstract: A marked acceleration of total factor productivity (TFP) growth in U.S. manufacturing followed World War I. The paper analyzes this development, attributing it to the confluence of diffusion of a general-purpose-technology (electrification) with a regime change in the industrial labor market.

Date: 2001
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