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. 254–262, 265–266)
DeLong, J. Bradford. "Growth Accounting," Appendix to chapter 4, Macroeconomics, 2002.

Analysis:

"A Productivity Primer," The Economist, November 4, 2004. [PDF version]

In The News:

Bureau of Labor Statistics, U.S. Department of Labor, "Multifactor Productivity Trends, 2001" April 8, 2003.
Altman, Daniel. "Blunt Portrait Drawn of the U.S. Work Force in 2020," New York Times, August 30, 2002.
Kreuger, Alan B. "Gauging Work Hours Is Not a Problem in Measuring Productivity Growth," New York Times, June 21, 2001.

Going Further:

Wolf, Martin. "The Long March to Prosperity," Financial Times Editorial, December 8, 2003.
"Mirror, Mirror on the Wall," The Economist, June 17, 2004. [PDF version]
Bergström, Fredrik and Robert Gidehag. "EU versus US," Timbro, June 2004.