Productivity in the U.S.

Introduction The measure of productivity is extremely important in determining growth performance of a country. After two decades of high productivity growth in the 1950’s and 1960’s, we observed a significant slowdown of productivity growth following the oil crisis in 1973. The debate on the causes of the worldwide slowdown has turned into a vital concern for economists and policymakers. Several explanations of the slowdown have been suggested, such as the low investment and savings rate, …showed first 75 words of 1484 total…

…showed last 75 words of 1484 total…the 1973-90 Period and its Resurgence in the 1990’s: Truth or Statistical Fluke? Stern School of Business, New York University. 4) Salgado, Ranil. (1997) Developments in Productivity Across Industries in Canada and the United States. Staff Country Report 97/20 5) Slifman, Lawrence; Corrado, Carol. (1996) Decomposition of Productivity and Unit Costs. Federal Reserve Board Staff Studies, No. 1 6) Wells, J.S.; Baldwin, J.; Maynard, J.-P. (September 1999) Productivity Growth in Canada and the United States. Canadian Economic Observer, No. 11-010-XPB