A Vision of the Growth Process in a Technologically Progressive Economy: the United States, 1899-1941

Gerben Bakker, Nicholas Crafts and Pieter Woltjer

No 269726, Economic Research Papers from University of Warwick - Department of Economics

Abstract: W edevelopnew aggregateandsectoralT otalFactorP roductivity (T FP )estim atesfortheU nitedS tates betw een1899 and1941 throughbettercoverageofsectorsandbetterm easuredlaborquality,and show T FP -grow thw aslow erthanpreviously thought,broadly basedacrosssectors,strongly variant intertem porally,andconsistentw ithm any diversesourcesofinnovation.W ethentestandrejectthree prom inentclaim s.First,the1930sdidnothavethehighestT FP -grow thofthetw entiethcentury. S econd,T FP -grow thw asnotpredom inantly causedby fourleadingsectors.T hird,T FP -grow thw asnot causedby a‘yeastprocess’ originatinginadom inanttechnology suchaselectricity.

Keywords: Crop Production/Industries; Financial Economics (search for similar items in EconPapers)
Pages: 73
Date: 2015-12-12
References: View complete reference list from CitEc
Citations: View citations in EconPapers (8)

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Related works:
Working Paper: A Vision of the Growth Process in a Technologically Progressive Economy:the United States, 1899-1941 (2015)
Working Paper: A Vision of the Growth Process in a Technologically Progressive Economy: the United States, 1899-1941 (2015)
Working Paper: A vision of the growth process in a technologically progressive economy: the United States, 1899-1941 (2015)
Working Paper: A Vision of the Growth Process in a Technologically Progressive Economy:the United States, 1899-1941 (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uwarer:269726

DOI: 10.22004/ag.econ.269726

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