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

Principal Investigator(s):  View help for Principal Investigator(s) Robert J. Gordon

Version:  View help for Version V1

Name File Type Size Last Modified
  P2015_1102_data 10/12/2019 10:47:AM
LICENSE.txt text/plain 14.6 KB 10/12/2019 06:47:AM

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:  View help for 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:  View help for 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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V1 [2019-10-12]

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