This paper assesses the standard data on output, labour input, and capital input, which imply “one big wave” in multi-factor productivity (MFP) growth for the United States since 1870. The wave-like pattern starts with slow MFP growth in the late 19th...
CITATION STYLE
Gordon, R. J. (2000). Interpreting the “One Big Wave” in U.S. Long-term Productivity Growth. In Productivity, Technology and Economic Growth (pp. 19–65). Springer US. https://doi.org/10.1007/978-1-4757-3161-3_2
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