Why is Growth Better in the United States than in Other Industrial Countries

14 Pages Posted: 19 Mar 2017  

Martin S. Feldstein

National Bureau of Economic Research (NBER); Harvard University

Date Written: March 2017

Abstract

Although the official statistics imply that the rate of growth of real GDP in the United States has declined in recent years, it has still been substantially higher than the real growth rates in Europe and the other industrial countries, leading to higher real per capita incomes. This paper discusses ten reasons for the higher rate of real economic growth.

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Suggested Citation

Feldstein, Martin S., Why is Growth Better in the United States than in Other Industrial Countries (March 2017). NBER Working Paper No. w23221. Available at SSRN: https://ssrn.com/abstract=2935406

Martin S. Feldstein (Contact Author)

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