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How much of economic growth is fueled by investment-specific technological progress?

Author

Listed:
  • Michael Gort
  • Jeremy Greenwood
  • Peter Rupert

Abstract

Discovering how economies grow is vitally important for economists and policymakers alike. This Commentary shows that more than half of U.S. economic growth can be attributed to technological advance in equipment and structures.

Suggested Citation

  • Michael Gort & Jeremy Greenwood & Peter Rupert, 1999. "How much of economic growth is fueled by investment-specific technological progress?," Economic Commentary, Federal Reserve Bank of Cleveland, issue Mar.
    • Handle: RePEc:fip:fedcec:y:1999:i:mar1
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    Citations

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    Cited by:

    1. Jason G. Cummins & Giovanni L. Violante, 2002. "Investment-Specific Technical Change in the US (1947-2000): Measurement and Macroeconomic Consequences," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 5(2), pages 243-284, April.
    2. Mehdi Senouci, 2012. "Technical change in a neoclassical two-sector model of optimal growth," Working Papers halshs-00589627, HAL.
    3. Mehdi Senouci, 2011. "Optimal growth and the golden rule in a two-sector model of capital accumulation," PSE Working Papers halshs-00572510, HAL.

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