Replication data for: The Future of US Economic Growth
Principal Investigator(s): View help for Principal Investigator(s) John G. Fernald; Charles I. Jones
Version: View help for Version V1
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LICENSE.txt | text/plain | 14.6 KB | 10/11/2019 06:25:PM |
Project Citation:
Fernald, John G., and Jones, Charles I. Replication data for: The Future of US Economic Growth. Nashville, TN: American Economic Association [publisher], 2014. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-11. https://doi.org/10.3886/E112807V1
Project Description
Summary:
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Modern growth theory suggests that more than three-quarters of growth since 1950 reflects rising educational attainment and research intensity. As these transition dynamics fade, US economic growth is likely to slow at some point. However, the rise of China, India, and other emerging economies may allow another few decades of rapid growth in world researchers. Finally, and more speculatively, the shape of the idea production function introduces a fundamental uncertainty into the future of growth. For example, the possibility that artificial intelligence will allow machines to replace workers to some extent could lead to higher growth in the future.
Scope of Project
JEL Classification:
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E23 Macroeconomics: Production
E32 Business Fluctuations; Cycles
J24 Human Capital; Skills; Occupational Choice; Labor Productivity
N11 Economic History: Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations: U.S.; Canada: Pre-1913
N12 Economic History: Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations: U.S.; Canada: 1913-
O33 Technological Change: Choices and Consequences; Diffusion Processes
O47 Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
E23 Macroeconomics: Production
E32 Business Fluctuations; Cycles
J24 Human Capital; Skills; Occupational Choice; Labor Productivity
N11 Economic History: Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations: U.S.; Canada: Pre-1913
N12 Economic History: Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations: U.S.; Canada: 1913-
O33 Technological Change: Choices and Consequences; Diffusion Processes
O47 Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
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