Saturday, March 2, 2024

"Declining American economic growth despite ongoing innovation" (2018)

Declining American economic growth despite ongoing innovation by Robert J. Gordon. 2018

https://bpb-us-e1.wpmucdn.com/sites.northwestern.edu/dist/6/5500/files/2021/04/Declining_growth_innovation.pdf

 

From the Introduction:

This paper starts from the proposition that GDP growth matters, not just productivity growth, because slower GDP growth provides fewer resources to address the nation’s problems...

Again, the importance of economic growth.

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