Replication data for: Secular Stagnation: A Supply-Side View

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P2015_1102_data			10/12/2019 10:47:AM
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Project Citation:

Gordon, Robert J. Replication data for: Secular Stagnation: A Supply-Side View. Nashville, TN: American Economic Association [publisher], 2015. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E113414V1

Project Description

Summary: Secular stagnation on the supply side takes the form of a slow 1.6 percent annual growth rate of US potential real GDP, roughly half the 3.1 percent annual growth rate of actual real GDP realized from 1972 to 2004. This slowdown stems from a sharp decline in the growth rate of aggregate hours of work and of output per hour. This paper attributes the productivity growth decline to diminishing returns in the digital revolution that had its peak effect business hardware, software, and best practices in the late 1990s but has resulted in little change in those methods over the past decade.

Scope of Project

JEL Classification:
      E23 Macroeconomics: Production
      E24 Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
      E32 Business Fluctuations; Cycles
      O47 Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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Published Versions

V1 [2019-10-12]

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