Found 26 article(s) for author 'Dale Jorgenson'

Measuring Individual Economic Well-Being and Social Welfare within the Framework of the System of National Accounts

Measuring Individual Economic Well-Being and Social Welfare within the Framework of the System of National Accounts. Dale W. Jorgenson, March 27, 2015, Paper. “While the agenda of ‘beyond GDP’ encompasses measurements that lie outside boundaries of the System of National Accounts, key aspects of individual well-being and social welfare can be incorporated into an SNA framework. Jorgenson and Slesnick (1983, 2014) developed the theory and methodology for full implementation of these features. However, for regular statistical production, this may not always be feasible. We identify the simplifying assumptions required to put a less ambitious but empirically more tractable measurement of individual and social welfare in place…” Link

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U.S. Economic Growth – Retrospect and Prospect: Lessons from a Prototype Industry-Level Production Account for the United States, 1947-2012

U.S. Economic Growth – Retrospect and Prospect: Lessons from a Prototype Industry-Level Production Account for the United States, 1947-2012. Dale Jorgenson, March 25, 2015, Paper. “In order to analyze the long-term growth of the U.S. economy we have constructed a new data set on the growth of U.S. output and productivity by industry for 1947-2012. This includes the output for each of the 65 industries represented in the U.S. national accounts, as well as the inputs of capital (K), labor (L), energy (E), materials (M), and services (S). The key indicator of innovation is productivity growth for each industry, where productivity is…”  Link

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Economics 1490 – Growth and Crisis in the World Economy

Economics 1490 – Growth and Crisis in the World Economy. Dale Jorgenson, 2015, Course Materials. “This course assesses the future of the tri-polar world economy – Asia, Europe, and North America. The course analyzes the resurgence of the US economic growth, the emergence of asset pricing bubbles, and the ensuing financial and economic crisis. We will discuss the sources of Asian growth miracles and the convergence and subsequent divergence of Europe and North America. What growth rate is sustainable and who will lead? What are the forces that threaten long-term prosperity?” Link

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What will revive U.S. economic growth? Lessons from a prototype industry-level production account for the United States

What will revive U.S. economic growth? Lessons from a prototype industry-level production account for the United States. Dale W. Jorgenson, April 2014, Paper. “The objective of this paper is to provide a new historical perspective on postwar US economic growth and consider the prospects for reviving growth in the future. For this purpose we have constructed a data set on the growth of output and productivity by industry for the period 1947–2010…” May require purchase or user account. Link

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WHAT WILL END THE LONG SLUMP? Lessons from an Industry-Level Production Account for the United States, 1947-2010

WHAT WILL END THE LONG SLUMP? Lessons from an Industry-Level Production Account for the United States, 1947-2010. Dale Jorgenson, January 4, 2014, Opinion. “Presented at the annual conference of the American Economic Association to the session on Rapid Growth or Stagnation of the U.S. Economy. Sponsored by the American Economic Association and the Society for Policy Modeling…” Link Verified October 13, 2014

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The emergence of the new economic order: Growth in the G7 and the G20

The emergence of the new economic order: Growth in the G7 and the G20. Dale Jorgenson, May 2013, Paper. “The massive reconfiguration of the world economy over the next decade will lead to a New Economic Order by 2020. China will displace the U.S. as the world’s leading economy and India will overtake Japan. This will shift the balance of the G20 from the leading industrialized economies of the G7 to the emerging economies, especially China and India. The rise of the Asian model of economic growth will underscore the importance of globalization and…” May require purchase or user account. Link

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Double Dividend – Environmental Taxes and Fiscal Reform in the United States

Double Dividend – Environmental Taxes and Fiscal Reform in the United States. Dale Jorgenson, 2013, Book. “Energy utilization, especially from fossil fuels, creates hidden costs in the form of pollution and environmental damages. The costs are well documented but are hidden in the sense that they occur outside the market, are not reflected in market prices, and are not taken into account by energy users. Double Dividend presents a novel method for designing environmental taxes that correct market prices so that they reflect the true cost of energy…” May require purchase or user account. Link Verified October 12, 2014

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Handbook of Computable General Equilibrium Modeling

Handbook of Computable General Equilibrium Modeling. Dale Jorgenson, November 16, 2012, Book. “In this collection of 17 articles, top scholars synthesize and analyze scholarship on this widely used tool of policy analysis, setting forth its accomplishments, difficulties, and means of implementation. Though CGE modeling does not play a prominent role in top US graduate schools, it is employed universally in the development of economic policy. This collection is particularly important because it presents a history of modeling applications and examines competing points of view…” (May require user account or purchase) Link

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The Rise of Developing Asia and The New Economic Order

The Rise of Developing Asia and The New Economic Order. Dale Jorgenson, June 8, 2011, Paper. “This paper identifies emerging trends in the world economy during the next decade. The first is that China will overtake the U.S. in terms of gross domestic product (GDP), ending more than a century of U.S. leadership as the world’s largest economy. The second is that Developing Asia, excluding Japan, will overtake the G7, a group of the seven largest industrialized economies established in 1975-6. Finally, India will overtake Japan, Russia will overtake Germany, and Brazil will overtake the U.K., leading to a New World Economic Order: China…” Link

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Innovation and Productivity Growth

Innovation and Productivity Growth. Dale Jorgenson, 2011, Paper. “The computer equipment manufacturing industry comprised only 0.3 percent of U.S. value added from 1960–2007, but generated 2.7 percent of economic growth and 25 percent of productivity growth. By comparison agriculture accounted for 1.8 percent of U.S. value added, but only 1.0 percent of economic growth during this period. This reflects the fact that agriculture has grown more slowly than the U.S. economy, while the computer industry has grown thirteen times as fast. However, agriculture accounted for fifteen percent of U.S. productivity growth, indicating…” Link

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