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 )

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Dale W. Jorgenson

Harvard University - Department of Economics ( email )

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Mun S. Ho

Resources for the Future ( email )

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