Accounting for Growth

Accounting for Growth
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增长的核算

DOI:
10.7208/9780226360645-008
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发表时间:
1998
期刊:
ERN: Economic Growth & Aggregate Productivity in Developing Economies (Topic)
影响因子:
--
通讯作者:
Boyan Jovanovic
Boyan Jovanovic
中科院分区:
--
文献类型:
--
作者:
Jeremy Greenwood;Boyan Jovanovic

文献摘要

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美国战后的增长经验,要有一个令人满意的叙述,就应该承认以下三个事实:一、从七十年代初开始,S的生产力的进步是下降的。2.战后期间,新设备的价格一直在稳步下降。3.自20世纪70年代中期以来,S的技能溢价有所上升。正如本文所展示的,索洛(1960)复古资本模型的变体可以在很大程度上解释这些事实。简而言之,原因是:1.生产力下降是因为信息技术的实施既昂贵又缓慢。2.资本货物部门的技术进步导致设备价格下降。3.技能溢价上升是因为新的、更有效率的资本与熟练劳动力相辅相成,和/或因为熟练劳动力的使用促进了新技术的采用。
A satisfactory account of the postwar growth experience of the United States should be able to come to terms with the following three facts: 1. Since the early 1970's there has been a slump in the advance of productivity. 2. The price of new equipment has fallen steadily over the postwar period. 3. Since the mid-1970's the skill premium has risen. Variants of Solow's (1960) vintage-capital model can go a long way toward explaining these facts, as this paper shows. In brief, the explanations are: 1. Productivity slowed down because the implementation of information technologies was both costly and slow. 2. Technological advance in the capital goods sector has lead to a decline in equipment prices. 3. The skill premium rose because the new, more efficient capital is complementary with skilled labor and/or because the use of skilled labor facilitates the adoption of new technologies.