IDEAS home Printed from https://ideas.repec.org/a/eej/eeconj/v18y1992i1p65-72.html
   My bibliography  Save this article

The Contribution of Manufacturing to Long-Term Economic Growth

Author

Listed:
  • Jerry Jasinowski

    (National Association of Manufacturers)

Abstract

Contrary to a widespread perception of industrial decline, the ratio of manufacturing output to GDP has remained relatively stable during the postwar period. The decline in manufacturing employment from its 1979 peak has been accompanied by an acceleration in productivity, with the result that value-added in manufacturing has maintained its historic share of aggregate output. Estimation of production functions including the R&D stock as a measure of technology suggest that the largest increases in multifactor productivity in manufacturing are primarily attributable to technological advance. There is also some evidence of increasing returns to scale. The most promising source of scale effects has to do with the increased penetration of foreign markets by American manufactured exports. Scale effects from international trade and technological advance from industrial R&D play a major role in determining the economy's long-term rate.

Suggested Citation

  • Jerry Jasinowski, 1992. "The Contribution of Manufacturing to Long-Term Economic Growth," Eastern Economic Journal, Eastern Economic Association, vol. 18(1), pages 65-72, Winter.
    • Handle: RePEc:eej:eeconj:v:18:y:1992:i:1:p:65-72
    as

    Download full text from publisher

    File URL: http://web.holycross.edu/RePEc/eej/Archive/Volume18/V18N1P65_72.pdf
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Rubina Vohra, 1998. "Convergence (divergence) and the U.S. states," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 26(4), pages 372-378, December.
    2. Rubina Vohra, 1997. "An empirical investigation of forces influencing productivity and the rate of convergence among states," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 25(4), pages 412-419, December.
    3. Zoran Aralica & Nebojša Stojčić, 2015. "Regional Patterns of Deindustrialization and Prospects for Reindustrialization in South and Central East European Countries," wiiw Balkan Observatory Working Papers 118, The Vienna Institute for International Economic Studies, wiiw.

    More about this item

    Keywords

    Economic Growth; Growth; Manufacturing; Productivity; Technology;
    All these keywords.

    JEL classification:

    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eej:eeconj:v:18:y:1992:i:1:p:65-72. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Victor Matheson, College of the Holy Cross (email available below). General contact details of provider: https://edirc.repec.org/data/eeaa1ea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.