Long run dynamics of productivity growth

Authors

  • A. MADDISON

DOI:

https://doi.org/10.13133/2037-3643/12803

Keywords:

labour productivity, growth, performance, long-run, development

Abstract

The paper analyses developments in labour productivity over the past century, and examines the factors which explain variations in its pace of growth. Four main phases are distinguished, 1970-1913, 1913-1950, 1950-1970 and the 1970s. The major concern is to explain why the postwar record has been so brilliant by historical standards, and why performance has slackened in the 1970s.

 

JEL: J24, O47

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How to Cite

MADDISON, A. (2014). Long run dynamics of productivity growth. PSL Quarterly Review, 32(128). https://doi.org/10.13133/2037-3643/12803

Issue

Vol. 32 No. 128 (1979)

Section

Editorial

License

 
 
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