Book contents
- Prospects for Economic Growth in the United States
- Prospects for Economic Growth in the United States
- Copyright page
- Dedication
- Contents
- Figures
- Tables
- Notes on Contributors
- Foreword
- Preface
- Acknowledgments
- Part I Overview
- Part II Labor and Economic Growth
- Part III Implications of Technology for Growth
- Part IV The Effects of Fiscal Policy on Growth
- Part V Special Topics on Economic Growth
- Part VI A Concluding Perspective
- 11 A Perspective on the Prospects for Economic Growth in the United States
- Index
- References
11 - A Perspective on the Prospects for Economic Growth in the United States
from Part VI - A Concluding Perspective
Published online by Cambridge University Press: 21 October 2021
- Prospects for Economic Growth in the United States
- Prospects for Economic Growth in the United States
- Copyright page
- Dedication
- Contents
- Figures
- Tables
- Notes on Contributors
- Foreword
- Preface
- Acknowledgments
- Part I Overview
- Part II Labor and Economic Growth
- Part III Implications of Technology for Growth
- Part IV The Effects of Fiscal Policy on Growth
- Part V Special Topics on Economic Growth
- Part VI A Concluding Perspective
- 11 A Perspective on the Prospects for Economic Growth in the United States
- Index
- References
Summary
The chapters in this volume provide insightful and provocative discussion of many of the issues related to whether the United States is likely to continue on the robust growth path of earlier years or whether economic growth is likely to decelerate or even enter an extended period of “secular stagnation.” In this concluding chapter, the editors of the volume tie together some of the threads that appear in the various chapters, extend the analyses in several directions, and discuss some policy implications. The discussion is organized around three themes: (i) technology and productivity growth; (ii) labor markets and economic growth, including the importance of human capital accumulation and the role of immigration; and (iii) fiscal policy, including both expenditure and tax reform.
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- Prospects for Economic Growth in the United States , pp. 321 - 333Publisher: Cambridge University PressPrint publication year: 2021