The Sources of Aggregate Productivity Growth - U.S. Manufacturing Industries, 1958-1996

Jens Krüger ()

No 10/2006, Jenaer Schriften zur Wirtschaftswissenschaft (Expired!) from Friedrich Schiller University of Jena, School of of Economics and Business Administration

Abstract: The sources of aggregate productivity growth are explored using detailed data for four-digit U.S. manufacturing industries during 1958-96 and a decomposition formula which allows to quantify the contribution of structural change. Labor productivity as well as total factor productivity are considered and the aggregation is performed with either value-added or employment shares. It is shown that structural change generally works in favor of industries with increasing productivity. This effect is particularly strong in the years since 1990, in high-tech industries and in durable goods producing industries. The impact of the computer revolution can be clearly identified.

Keywords: aggregate productivity growth; structural change; manufacturing (search for similar items in EconPapers)
JEL-codes: L16 L60 O12 O33 (search for similar items in EconPapers)
Date: 2006-02-09
New Economics Papers: this item is included in nep-eff
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Journal Article: THE SOURCES OF AGGREGATE PRODUCTIVITY GROWTH: US MANUFACTURING INDUSTRIES, 1958–1996 (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:jen:jenasw:2006-10

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