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The World KLEMS Initiative

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  • Dale W. Jorgenson

Abstract

The objective of this article is to provide an overview of the World KLEMS Initiative, which brings together EU KLEMS, Latin America KLEMS, and Asia-KLEMS. This project generates KLEMS data sets, consisting of inputs of capital (K) and labour (L) at the industry level, together with inputs of energy (E), materials (M) and services (S), for countries around the world. Growth of output, inputs, and productivity at the industry level is critical to understanding changes in the structure of an economy, especially the relative importance of different industries and different inputs. The article illustrates the insight into the growth process provided by the KLEMS framework by analyzing the sources of economic growth in the United States over the 1947-2010 period, including contributions to growth from ITproducing and IT-using and non-IT-using industries as well as college and non-college labour.

Suggested Citation

  • Dale W. Jorgenson, 2012. "The World KLEMS Initiative," International Productivity Monitor, Centre for the Study of Living Standards, vol. 24, pages 5-19, Fall.
    • Handle: RePEc:sls:ipmsls:v:24:y:2012:1
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    File URL: http://www.csls.ca/ipm/24/IPM-24-Jorgenson.pdf
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    9. Greenwood, Jeremy & Krusell, Per, 2007. "Growth accounting with investment-specific technological progress: A discussion of two approaches," Journal of Monetary Economics, Elsevier, vol. 54(4), pages 1300-1310, May.
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    Cited by:

    1. Dale W. Jorgenson, 2019. "Introduction," International Productivity Monitor, Centre for the Study of Living Standards, vol. 36, pages 1-6, Spring.
    2. Lee, Jong-Wha & Song, Eunbi & Kwak, Do Won, 2020. "Aging labor, ICT capital, and productivity in Japan and Korea," Journal of the Japanese and International Economies, Elsevier, vol. 58(C).
    3. Andrea De Michelis & Marcello Estevão & Beth Anne Wilson, 2013. "Productivity or Employment: Is It a Choice?," International Productivity Monitor, Centre for the Study of Living Standards, vol. 25, pages 41-60, Spring.
    4. Kotlewski Dariusz & Błażej Mirosław, 2020. "KLEMS growth accounting implemented in Poland," Statistics in Transition New Series, Statistics Poland, vol. 21(1), pages 95-122, March.
    5. Wulong Gu, 2018. "Accounting for Slower Productivity Growth in the Canadian Business Sector after 2000: The Role of Capital Measurement Issues," International Productivity Monitor, Centre for the Study of Living Standards, vol. 34, pages 21-39, Spring.
    6. Musa Orak, 2017. "Capital-Task Complementarity and the Decline of the U.S. Labor Share of Income," International Finance Discussion Papers 1200, Board of Governors of the Federal Reserve System (U.S.).
    7. Barbara M. Fraumeni, 2022. "Dale Weldeau Jorgenson (1933–2022): in Memoriam," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 68(3), pages 832-835, September.
    8. Jorgenson, Dale W. & Ho, Mun S. & Samuels, Jon D., 2016. "The impact of information technology on postwar US economic growth," Telecommunications Policy, Elsevier, vol. 40(5), pages 398-411.
    9. Dariusz Kotlewski & Mirosław Błażej, 2020. "KLEMS growth accounting implemented in Poland," Statistics in Transition New Series, Polish Statistical Association, vol. 21(1), pages 95-122, March.
    10. Émilien Gouin‐Bonenfant, 2022. "Productivity Dispersion, Between‐Firm Competition, and the Labor Share," Econometrica, Econometric Society, vol. 90(6), pages 2755-2793, November.
    11. W. Diewert, 2014. "US TFP growth and the contribution of changes in export and import prices to real income growth," Journal of Productivity Analysis, Springer, vol. 41(1), pages 19-39, February.
    12. Jorgenson, Dale W. & Vu, Khuong Minh, 2013. "The emergence of the new economic order: Growth in the G7 and the G20," Journal of Policy Modeling, Elsevier, vol. 35(3), pages 389-399.
    13. W. Erwin Diewert & Emily Yu, 2012. "New Estimates of Real Income and Multifactor Productivity Growth for the Canadian Business Sector, 1961-2011," International Productivity Monitor, Centre for the Study of Living Standards, vol. 24, pages 27-48, Fall.
    14. Jianmin Tang, 2015. "Employment and Productivity: Exploring the Trade-off," International Productivity Monitor, Centre for the Study of Living Standards, vol. 28, pages 63-80, Spring.
    15. Kevin J. Fox & Wulong Gu & Beiling Yan, 2017. "Productivity Growth and International Competitiveness," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 63, pages 113-133, February.
    16. Dale W. Jorgenson, 2017. "World KLEMS: Productivity and Economic Growth in the World Economy: An Introduction," International Productivity Monitor, Centre for the Study of Living Standards, vol. 33, pages 1-7, Fall.
    17. Wulong Gu, 2012. "Estimating Capital Input for Measuring Business Sector Multifactor Productivity Growth in Canada: Response to Diewert and Yu," International Productivity Monitor, Centre for the Study of Living Standards, vol. 24, pages 49-62, Fall.
    18. Dale W. Jorgenson & Mun S. Ho & Jon D. Samuels, 2017. "Educational Attainment and the Revival of US Economic Growth," NBER Chapters, in: Education, Skills, and Technical Change: Implications for Future US GDP Growth, pages 23-60, National Bureau of Economic Research, Inc.

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