Tuesday, March 5, 2024

"Is U.S. Economic Growth Over? Faltering Innovation Confronts the Six Headwinds" (2012)

Is U.S. Economic Growth Over? Faltering Innovation Confronts the Six Headwinds by Robert J. Gordon. 2012

http://www.nber.org/papers/w18315
https://www.nber.org/system/files/working_papers/w18315/w18315.pdf


Among the paper's "basic points":

Future growth in real GDP per capita will be slower than in any extended period since the late 19th century, and growth in real consumption per capita for the bottom 99 percent of the income distribution will be even slower than that.

But only if we fail to solve the problem.

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