Productivity, Innovation and Social Savings

Gerben Bakker

Chapter 47 in An Economist’s Guide to Economic History, 2018, pp 405-416 from Palgrave Macmillan

Abstract: Abstract Since the late 1930s, economists have noted an increase in economic efficiency, leading to higher welfare levels and social savings. Key to understand this development is the quantification of the impact of innovations and new technologies. This chapter discusses growth accounting and allied methodologies and how they may help to quantify innovation-led increases in efficiency and welfare benefits.

JEL-codes: E01 N70 O47 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palscp:978-3-319-96568-0_47

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DOI: 10.1007/978-3-319-96568-0_47

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