eBook PDF / e-Pub R&d, Education, and Productivity: A Retrospective

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Title:R&d, Education, and Productivity: A Retrospective
Format Type:Ebook
Author:Zvi Griliches
Publisher:Harvard University Press
ISBN:0674003438
ISBN 13:
Number of Pages:144
Category:Manga

R&d, Education, and Productivity: A Retrospective by Zvi Griliches

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

City of Endless Night, Dark in Death

Handbook of Econometrics, Volume 1, Handbook of Econometrics, R and D, Patents, and Productivity, Income Distribution and Economic Inequality, R&d, Education, and Productivity: A Retrospective, Productivity Issues in Services at the Micro Level: A Special Issue of the Journal of Productivity Analysis, Price Indexes and Quality Change: Studies in New Methods of Measurement, Handbook of Econometrics, Volume II, R&D and Productivity: The Econometric Evidence (National Bureau of Economic Research Monograph), Output Measurement in the Service Sectors