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Long run dynamics of productivity growth

Author

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  • Angus Maddison

Abstract

The paper analyses the developments in labour productivity over the past century and examines the factors which explain variations in its pace of growth. The author distinguishes four main phases: 1870-1913, 1913-50, 1950-70 and the 1970s. The main question at hand is why the postwar record has been so brilliant by historical standards, and to the contrary why it has slackened in the 1970s. The author concludes that the postwar situation, which favored high and relatively steady expansion of demand, was interrupted by policy changes which brought on new rules of behavior.

Suggested Citation

  • Angus Maddison, 1979. "Long run dynamics of productivity growth," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 32(128), pages 3-43.
    • Handle: RePEc:psl:bnlaqr:1979:11
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    File URL: http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/10368/10260
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    Cited by:

    1. Anne Épaulard & Jean-Pierre Laffargue & Pierre Malgrange, 2008. "Présentation générale," Economie & Prévision, La Documentation Française, vol. 0(2), pages 1-13.
    2. Wang, Jue & Liu, Xiaming & Wei, Yingqi & Wang, Chengang, 2014. "Cultural Proximity and Local Firms’ catch up with Multinational Enterprises," World Development, Elsevier, vol. 60(C), pages 1-13.
    3. Gomulka Stanislaw, 2019. "A theory of global economic growth in the very long-run: is a grand innovation slowdown inevitable?," Central European Economic Journal, Sciendo, vol. 6(53), pages 175-188, January.
    4. Landon-Lane, John S. & Robertson, Peter E., 2009. "Long-run growth in the OECD: A test of the parallel growth paths hypothesis," Explorations in Economic History, Elsevier, vol. 46(3), pages 346-355, July.
    5. Boyer Robert & Petit Pascal, 1982. "Forecasting the impact of technical change on employment : methodological reflexions and propositions for research," CEPREMAP Working Papers (Couverture Orange) 8202, CEPREMAP.
    6. Robert Boyer & Pascal Petit, 1981. "Progrès technique, croissance et emploi : Un modèle d'inspiration kaldorienne pour six industries européennes," Revue Économique, Programme National Persée, vol. 32(6), pages 1113-1153.
    7. Fagerberg, Jan, 1988. "Technology, Growth and Trade: Schumpeterian Perspectives," MPRA Paper 59156, University Library of Munich, Germany.
    8. Bibhuti Sarker, 2023. "Foreign firms in the industry frontier and productivity convergence: Importance of proximity and firm attributes," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 44(2), pages 906-925, March.

    More about this item

    Keywords

    productivity; labour; growth;
    All these keywords.

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J32 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Nonwage Labor Costs and Benefits; Retirement Plans; Private Pensions
    • J38 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Public Policy

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