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SESSION 5A: PRODUCTIVITY

Early Twentieth Century American Productivity Growth Dynamics

Published online by Cambridge University Press:  13 August 2001

Paul David  and
Gavin Wright
Paul David
Affiliation:
Oxford University and Stanford University
Gavin Wright
Affiliation:
Stanford University
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Abstract

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A marked acceleration of total factor productivity (TFP) growth in U.S. manufacturing followed World War I. The paper analyzes this development, attributing it to the confluence of diffusion of a general-purpose-technology (electrification) with a regime change in the industrial labor market.

Type
EHA ABSTRACT
Information
The Journal of Economic History , Volume 61 , Issue 2 , June 2001 , pp. 523
Copyright
© 2001 Cambridge University Press