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?. Current Issues in Economics and Finance, Vol. 10, No. 13, December 2004. 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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National Bureau of Economic Research (NBER)

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Harvard University - Harvard Kennedy School (HKS) ( email )

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Mun S. Ho

Resources for the Future ( email )

1616 P Street, NW
Washington, DC 20036
United States

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