New Developments in Productivity Analysis (Volume 63) (National Bureau of Economic Research Studies in Income and Wealth) - Hardcover

9780226360621: New Developments in Productivity Analysis (Volume 63) (National Bureau of Economic Research Studies in Income and Wealth)
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The productivity slowdown of the 1970s and 1980s and the resumption of productivity growth in the 1990s have provoked controversy among policymakers and researchers. Economists have been forced to reexamine fundamental questions of measurement technique. Some researchers argue that econometric approaches to productivity measurement usefully address shortcomings of the dominant index number techniques while others maintain that current productivity statistics underreport damage to the environment. In this book, the contributors propose innovative approaches to these issues. The result is a state-of-the-art exposition of contemporary productivity analysis.

Charles R. Hulten is professor of economics at the University of Maryland. He has been a senior research associate at the Urban Institute and is chair of the Conference on Research in Income and Wealth of the National Bureau of Economic Research. Michael Harper is chief of the Division of Productivity Research at the Bureau of Labor Statistics. Edwin R. Dean, formerly associate commissioner for Productivity and Technology at the Bureau of Labor Statistics, is adjunct professor of economics at The George Washington University.

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The standard of living in the United States has increased dramatically over the course of the last century. This increase is due in part to advances in technology which increased the productivity of the nation's resources. While the pace of innovation has been relatively persistent, however, the growth in productivity has not. This problem, and what might be done to solve it, has provoked controversy among policymakers and researchers. Economists have been forced to reexamine fundamental questions of measurement technique, not only at the level of firms and plants, but also at high levels of aggregation. Some researchers argue that econometric approaches to productivity measurement usefully address shortcomings of the dominant index number techniques while others maintain that current productivity statistics underreport damage to the environment. In this book, the contributors propose innovative approaches to these issues through groundbreaking essays. The result is a state-of-the-art exposition of contemporary productivity analysis.
About the Author:
Charles R. Hulten is a professor of economics at the University of Maryland. He has been a senior research associate at the Urban Institute and is chair of the Conference on Research in Income and Wealth of the National Bureau of Economic Research.

Edwin R. Dean, formerly an associate commissioner for Productivity and Technology at the Bureau of Labor Statistics, is an adjunct professor of economics at The George Washington University.

Michael J. Harper is the chief of the Division of Productivity Research at the Bureau of Labor Statistics.

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