Growth

Stylized Facts Solow Model Growth Accounting Endogenous Growth

Is there some action a government of India could take that would lead the Indian economy to grow more like Indonesia's or Egypt's? If so, what, exactly? If not, what is it about the "nature of India" that makes it so? The consequences for human welfare involved in questions like these are staggering: once one starts to think about them, it is hard to think about anything else.

— Robert E. Lucas, Jr.

Economics 302: Macroeconomic Analysis

Growth Accounting

Background:

Blanchard, chapter 12 (pp. 258–260, 267–268)
DeLong, J. Bradford. "Growth Accounting," Appendix to chapter 4, Macroeconomics, 2002.

Analysis:

"A Productivity Primer," The Economist, November 4, 2004. [PDF version]
Bureau of Labor Statistics, U.S. Department of Labor, "Multifactor Productivity Trends, 2003 – 2004," March 23, 2006.

In The News:

Varian, Hal. "Information Technology May Have Cured Low Service-Sector Productivity," New York Times, February 12, 2004.
Gross, Daniel. "Productivity Is Up. Or Down. Pick Your Statistic." New York Times, August 21, 2005.
"Dividing the Pie," The Economist, February 2, 2006. [PDF version]
"Reading the Tea Leaves," The Economist, January 25, 2007. [PDF version]

Going Further:

Jorgenson, Dale W., Mun S. Ho, and Kevin J. Stiroh. "Potential Growth of the U.S. Economy: Will the Productivity Resurgence Continue?" Business Economics, v. 41, n. 1 (January 2006), pp. 7–16.
International Monetary Fund. "Asia Rising: Patterns of Economic Growth and Development," chapter 3 of World Economic Outlook, September 2006.