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The Demise of US Dynamism Is Vastly Exaggerated – But Not All Is Well

55 Pages Posted: 1 Feb 2015 Last revised: 27 Aug 2016

Amar Bhide

Tufts University - The Fletcher School of Law and Diplomacy

Date Written: January 26, 2015

Abstract

Estimates of total factor productivity are based on assumptions that preclude the decentralized, broad-based innovation that undergirds the dynamism of capitalist economies. Thus the decline in standard measures of productivity – which fly in the face of most everyday experience – is not a cause for alarm. We should however be concerned by the declining numbers of improvised but promising new businesses.

Keywords: innovation, dynamism, entrepreneurship,TFP

JEL Classification: O3, O47, P10, M13

Suggested Citation

Bhide, Amar, The Demise of US Dynamism Is Vastly Exaggerated – But Not All Is Well (January 26, 2015). Available at SSRN: https://ssrn.com/abstract=2557154

Amar Bhide (Contact Author)

Tufts University - The Fletcher School of Law and Diplomacy ( email )

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Medford, MA 02155
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617-229-5050 (Phone)

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