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

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

See all articles by Amar Bhide

Amar Bhide

Columbia University - Mailman School of Public Health

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 or http://dx.doi.org/10.2139/ssrn.2557154

Amar Bhide (Contact Author)

Columbia University - Mailman School of Public Health ( email )

600 West 168th St., 6th Floor
New York, NY 10032
United States

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