Concepedia

TLDR

The study reviews the role of productivity in driving U.S. economic growth. The authors model sectoral labor and capital inputs, output, intermediate inputs, and technical change to analyze aggregate output growth.

Abstract

Overview. Methodology. Sectoral Labor Input. Sectoral Capital Input. Sectoral Output and Intermediate Output. Growth in Sectoral Output. Sectoral Substitution and Technical Change. Aggregate Labor and Capital Inputs. Growth in Aggregate Output. Appendices.