Will the U.S. Productivity Resurgence Continue?

7 Pages Posted: 14 Dec 2004

See all articles by Kevin J. Stiroh

Kevin J. Stiroh

Federal Reserve Bank of New York

Dale W. Jorgenson

Harvard University - Department of Economics; National Bureau of Economic Research (NBER); Harvard University - Harvard Kennedy School (HKS)

Mun S. Ho

Resources for the Future

Abstract

U.S. productivity growth has accelerated in recent years, despite a series of negative economic shocks. An analysis of the sources of this growth over the 1995-2003 period suggests that the production and use of information technology account for a large share of the gains. The authors project that during the next decade, private sector productivity growth will continue at a rate of 2.6 percent per year, a significant increase from their 2002 projection of 2.2 percent growth.

Keywords: employment productivity, information technology

JEL Classification: O47

Suggested Citation

Stiroh, Kevin J. and Jorgenson, Dale W. and Ho, Mun S., Will the U.S. Productivity Resurgence Continue?. Available at SSRN: https://ssrn.com/abstract=634761 or http://dx.doi.org/10.2139/ssrn.634761

Kevin J. Stiroh (Contact Author)

Federal Reserve Bank of New York ( email )

33 Liberty Street
New York, NY 10045
United States
(212) 720-6633 (Phone)
(212) 720-8363 (Fax)

Dale W. Jorgenson

Harvard University - Department of Economics ( email )

Littauer Center
Room 122
Cambridge, MA 02138
United States
617-495-4661 (Phone)

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Harvard University - Harvard Kennedy School (HKS) ( email )

79 John F. Kennedy Street
Cambridge, MA 02138
United States

Mun S. Ho

Resources for the Future ( email )

1616 P Street, NW
Washington, DC 20036
United States

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
173
Abstract Views
1,508
rank
214,813
PlumX Metrics