Federal Reserve Bank of Cleveland
How much of economic growth is fueled by investment-specific technological progress?
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.
Cite this item
Michael Gort & Jeremy Greenwood & Peter Rupert, "How much of economic growth is fueled by investment-specific technological progress?"
, Federal Reserve Bank of Cleveland, Economic Commentary, issue Mar, 1999.
Keywords: Economic development ; Gross domestic product ; Technology
This item with handle RePEc:fip:fedcec:y:1999:i:mar1
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