Format:
Online-Ressource (23 S.)
,
graph. Darst., Kt.
ISBN:
9781513520834
,
1513520830
Series Statement:
IMF working paper 15/116
Content:
Total factor productivity (TFP) growth began slowing in the United States in the mid-2000s, before the Great Recession. To many, the main culprit is the fading positive impact of the information technology (IT) revolution that took place in the 1990s. But our estimates of TFP growth across the U.S. states reveal that the slowdown in TFP was quite widespread and not particularly stronger in IT-producing states or in those with a relatively more intensive usage of IT. An alternative explanation offered in this paper is that the slowdown in U.S. TFP growth reflects a loss of efficiency or market dynamism over the last two decades. Indeed, there are large differences in production efficiency across U.S. states, with the states having “frontier.”
Note:
Systemvoraussetzungen: PDF Reader.
Additional Edition:
Erscheint auch als Druck-Ausgabe Cardarelli, Roberto U.S. Total Factor Productivity Slowdown: Evidence from the U.S. States Washington, D.C. : International Monetary Fund, 2015 ISBN 9781513520834
Language:
English
Keywords:
Arbeitspapier
;
Graue Literatur
DOI:
10.5089/9781513520834.001
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