R&d, Education, and Productivity: A Retrospective (Rating: 3.75 - 3946 votes)PDF Online R&d, Education, and Productivity: A Retrospective with other formats. Download and Read Online books R&d, Education, and Productivity: A Retrospective Online Harlan Berger, Ebooks search download books in easy way to download R&d, Education, and Productivity: A Retrospective books for multiple devices. Zvi Griliches full text books
|Title||:||R&d, Education, and Productivity: A Retrospective|
|Publisher||:||Harvard University Press|
|Number of Pages||:||144|
PDF, EPUB, MOBI, TXT, DOC R&d, Education, and Productivity: A Retrospective Zvi Griliches was a modern master of empirical economics In this short book he recounts what he and others have learned about the sources of economic growth This book conveys the way he tackled research problems For Griliches economic theorizing without measurement is merely the fashioning of parables but measurement without theory is blind Judgment enables one to strike the right balance .
The book begins with economists first attempts to measure productivity growth systematically in the s In the mid s these efforts culminated in a startling puzzle The growth of measured inputs like labor and capital explained only a fraction of the growth of national output Economists called this phenomenon efficiency or technical change or the residual However Griliches observes that the most accurate name was a measure of our ignorance What explained the rest of economic growth quickly became one of the most important questions in economics .
Over the next thirty years Griliches and his colleagues and students looked for various components of the residual in education the formation of human capital investment the formation of physical capital and research and development In after the oil price shocks productivity growth slowed and the residual almost disappeared Since the shocks were a short term phenomenon they could not account for the slowdown A main focus of this book is therefore the puzzle of the productivity slowdown and how to date it and how to explain it