Measuring Economic Growth and Productivity: Foundations, KLEMS Production Models, and Extensions presents new insights into the causes, mechanisms and results of growth in national and regional accounts. It demonstrates the versatility and usefulness of the KLEMS databases, which generate internationally comparable industry-level data on outputs, inputs and productivity. By rethinking economic development beyond existing measurements, the book's contributors align the measurement of growth and productivity to contemporary global challenges, addressing the need for measurements as well as the Gross Domestic Product.
All contributors in this foundational volume are recognized experts in their fields, all inspired by the path-breaking research of Dale W. Jorgenson.
1. Introduction - p. xv 2. Chapter 1. Economic growth: a different view - p. 1 3. Chapter 2. Expanding the conceptual foundation, scope, and relevance of the US national accounts: the intersection of theory, research, and measurement - p. 17 4. Chapter 3. Tax policy and resource allocation - p. 37 5. Chapter 4. Sources of growth in the world economy: a comparison of G7 and E7 economies - p. 55 6. Chapter 5. European productivity in the digital age: evidence from EU KLEMS - p. 75 7. Chapter 6. Manufacturing productivity in India: the role of foreign sourcing of inputs and domestic capacity building - p. 95 8. Chapter 7. An international comparison on TFP changes in ICT industry among Japan, Korea, Taiwan, China, and the United States - p. 117 9. Chapter 8. Losing Steam?—An industry origin analysis of China's productivity slowdown - p. 137 10. Chapter 9. Growth origins and patterns in the market economy of mainland Norway, 1997–2014 - p. 169 11. Chapter 10. Progress on Australia and Russia KLEMS - p. 195 12. Chapter 11. Toward a BEA-BLS integrated industry-level production account for 1947–2016 - p. 221 13. Chapter 12. Benchmark 2011 integrated estimates of the Japan–US price-level index for industry outputs - p. 251 14. 12.1. Introduction - p. 251 15. 12.2. Framework - p. 254 16. 12.3. Data and measurement - p. 256 17. 12.4. Results - p. 261 18. 12.5. Conclusion - p. 270 19. Appendix: bilateral price model - p. 270 20. Chapter 13. The impact of information and communications technology investment on employment in Japan and Korea - p. 283 21. Chapter 14. Economic valuation of knowledge-based capital: an International comparison - p. 299 22. Chapter 15. Measuring consumer inflation in a digital economy - p. 339 23. Chapter 16. Intangible capital, innovation, and productivity à la Jorgenson evidence from Europe and the United States - p. 363 24. Chapter 17. Getting smart about phones: new price indexes and the allocation of spending between devices and services plans in Personal Consumption Expenditures - p. 387 25. Chapter 18. Accounting for growth and productivity in global value chains - p. 413 26. Chapter 19. Emissions accounting and carbon tax incidence in CGE models: bottom-up versus top-down - p. 427 27. Chapter 20. Analyzing carbon price policies using a general equilibrium model with household energy demand functions - p. 455 28. Chapter 21. GDP and social welfare: an assessment using regional data - p. 481 29. Chapter 22. Accumulation of human and market capital in the United States, 1975–2012: an analysis by gender - p. 509 30. Index - p. 531
Measuring Economic Growth and Productivity: Foundations, KLEMS Production Models, and Extensions presents new insights into the causes, mechanisms and results of growth in national and regional accounts. It demonstrates the versatility and usefulness of the KLEMS databases, which generate internationally comparable industry-level data on outputs, inputs and productivity. By rethinking economic development beyond existing measurements, the book's contributors align the measurement of growth and productivity to contemporary global challenges, addressing the need for measurements as well as the Gross Domestic Product.
All contributors in this foundational volume are recognized experts in their fields, all inspired by the path-breaking research of Dale W. Jorgenson.
1. Introduction - p. xv 2. Chapter 1. Economic growth: a different view - p. 1 3. Chapter 2. Expanding the conceptual foundation, scope, and relevance of the US national accounts: the intersection of theory, research, and measurement - p. 17 4. Chapter 3. Tax policy and resource allocation - p. 37 5. Chapter 4. Sources of growth in the world economy: a comparison of G7 and E7 economies - p. 55 6. Chapter 5. European productivity in the digital age: evidence from EU KLEMS - p. 75 7. Chapter 6. Manufacturing productivity in India: the role of foreign sourcing of inputs and domestic capacity building - p. 95 8. Chapter 7. An international comparison on TFP changes in ICT industry among Japan, Korea, Taiwan, China, and the United States - p. 117 9. Chapter 8. Losing Steam?—An industry origin analysis of China's productivity slowdown - p. 137 10. Chapter 9. Growth origins and patterns in the market economy of mainland Norway, 1997–2014 - p. 169 11. Chapter 10. Progress on Australia and Russia KLEMS - p. 195 12. Chapter 11. Toward a BEA-BLS integrated industry-level production account for 1947–2016 - p. 221 13. Chapter 12. Benchmark 2011 integrated estimates of the Japan–US price-level index for industry outputs - p. 251 14. 12.1. Introduction - p. 251 15. 12.2. Framework - p. 254 16. 12.3. Data and measurement - p. 256 17. 12.4. Results - p. 261 18. 12.5. Conclusion - p. 270 19. Appendix: bilateral price model - p. 270 20. Chapter 13. The impact of information and communications technology investment on employment in Japan and Korea - p. 283 21. Chapter 14. Economic valuation of knowledge-based capital: an International comparison - p. 299 22. Chapter 15. Measuring consumer inflation in a digital economy - p. 339 23. Chapter 16. Intangible capital, innovation, and productivity à la Jorgenson evidence from Europe and the United States - p. 363 24. Chapter 17. Getting smart about phones: new price indexes and the allocation of spending between devices and services plans in Personal Consumption Expenditures - p. 387 25. Chapter 18. Accounting for growth and productivity in global value chains - p. 413 26. Chapter 19. Emissions accounting and carbon tax incidence in CGE models: bottom-up versus top-down - p. 427 27. Chapter 20. Analyzing carbon price policies using a general equilibrium model with household energy demand functions - p. 455 28. Chapter 21. GDP and social welfare: an assessment using regional data - p. 481 29. Chapter 22. Accumulation of human and market capital in the United States, 1975–2012: an analysis by gender - p. 509 30. Index - p. 531
