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Productivity and U.S. Economic Growth, Paperback by Jorgenson, Dale W.; Fraum...
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Located in: Jessup, Maryland, United States
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eBay item number:385872857289
Item specifics
- Condition
- ISBN
- 9781583483886
- Book Title
- Productivity and U. S. Economic Growth
- Item Length
- 9in
- Publisher
- iUniverse, Incorporated
- Publication Year
- 1999
- Format
- Trade Paperback
- Language
- English
- Item Height
- 1.5in
- Genre
- Business & Economics
- Topic
- Industrial Management, Finance / General, Economic Conditions, Investments & Securities / General
- Item Width
- 6in
- Item Weight
- 32.4 Oz
- Number of Pages
- 580 Pages
About this product
Product Information
Although the level of U.S. per capita output was higher than that of any other industrialized country at the end of World War II, output has increased by more than four times and per capita output has more than doubled. Empirical evidence has shifted the terms of professional debates over the importance of investment and productivity as sources of postwar growth. This volume traces this outstanding growth performance to investments in tangible assets and human capital. The distinctive feature of investment as a source of economic growth is that returns can be internalized by the investor. The most straightforward application of this idea is to investments that create property rights. These include rights to transfer the resulting assets and benefit from the incomes that are generated. This volume broadens the meaning of capital formation to include the investments in education and training. The contributions of these investments to economic growth can be identified from their impacts on labor incomes. After the slowdown in U.S. economic growth that began in 1973 it became apparent that economic research had failed to produce a satisfactory basis for policies to generate growth. This volume provides the starting point for development of a new consensus based on the policies that stimulate and reward investments in tangible assets and human capital. These policies will focus on returns that can be internalized by investors, ending the fruitless search for "spill overs" that can generate growth without providing incentives for capital formation.
Product Identifiers
Publisher
iUniverse, Incorporated
ISBN-10
1583483888
ISBN-13
9781583483886
eBay Product ID (ePID)
1650450
Product Key Features
Book Title
Productivity and U. S. Economic Growth
Format
Trade Paperback
Language
English
Topic
Industrial Management, Finance / General, Economic Conditions, Investments & Securities / General
Publication Year
1999
Genre
Business & Economics
Number of Pages
580 Pages
Dimensions
Item Length
9in
Item Height
1.5in
Item Width
6in
Item Weight
32.4 Oz
Additional Product Features
Lc Classification Number
Hc110.I52j67 1999
Copyright Date
1999
Target Audience
Trade
Lccn
99-065335
Dewey Decimal
338.973
Dewey Edition
21
Item description from the seller
Business seller information
Expert Trading Limited
John Boyer
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