Journal Article

How much of economic growth is fueled by investment-specific technological progress?


Abstract: Discovering how economies grow is vitally important for economists and policymakers alike. This Commentary shows that more than half of U.S. economic growth can be attributed to technological advance in equipment and structures.

Keywords: Gross domestic product; Technology; Economic development;

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Bibliographic Information

Provider: Federal Reserve Bank of Cleveland

Part of Series: Economic Commentary

Publication Date: 1999

Issue: Mar

Order Number: 1