Dale Jorgenson

Samuel W. Morris University Professor

Productivity, Vol. 1: Table of Contents

Contents

List of Tables			ix
Preface			xv
List of Sources			xxix

1	Productivity and Postwar U.S. Economic Growth		1
	Dale W. Jorgenson
	1.1 Introduction		1
	1.2 Sources of U.S. Economic Growth		2
	1.3 Aggregation over Sectors		7
	1.4 Econometric Modeling of Production		11
	1.5 Conclusion		16
	1.6 Appendix: Methodology and Data Sources		17

2 The Embodiment Hypothesis			25
		Dale W. Jorgenson
		2.1 Introduction	25
		2.2 Theory	27
		2.3 Measurement	29
		2.4 Explanation	33
		2.5 Prediction	39
		2.6 Mathematical Appendix	42

3 The Explanation of Productivity Change			51
	Dale W. Jorgenson and Zvi Griliches
	3.1 Introduction		51
	3.2 Theory		53
	3.3 Measurement		68
	3.4 Summary and Conclusion		83
	3.5 Statistical Appendix		90

4 Issues in Growth Accounting: A Reply to Edward F. Denison			99
		Dale W. Jorgenson and Zvi Griliches
		4.1 Introduction	99
		4.2 Measurement of Output	103
		4.3 Measurement of Capital Input	109
		4.4 Relative Utilization of Capital	124
		4.5 Measurement of Labor Input	130
		4.6 Measurement of Total Factor productivity	138
		4.7 Major Issues in Growth Accounting	144
		4.8 Final Reply	167

5 Measuring Economic Performance in the Private Sector			175
		L.R. Christensen and Dale W. Jorgenson
		5.1 Introduction	175
		5.2 Income and Wealth	179
		5.3 Index Numbers	198
		5.4 Perpetual Inventory	205
		5.5 Production Account	223
		5.6 Income and Expenditure, Accumulation, and Wealth Accounts	246
		5.7 Extending the Accounting Framework	268

6 The Accumulation of Human and Nonhuman Capital, 1948-84			273
		Dale W. Jorgenson and Barbara M. Fraumeni
		6.1 Introduction	273
		6.2 Methodology	277
		6.3 Production	281
		6.4 Income and Expenditure	296
		6.5 Accumulation and Wealth	314
		6.6 Conclusion	328

7 The Output of the Education Sector			333
		Dale W. Jorgenson and Barbara M. Fraumeni
		7.1 Introduction	333
		7.2 Market and Nonmarket Labor Incomes	335
		7.3 Investment in Education	345
		7.4 Conclusion	360
		7.5 Appendix	364

8 Investment in Education and U.S. Economic Growth			371
		Dale W. Jorgenson and Barbara M. Fraumeni
		8.1 Introduction	371
		8.2 Sources of Growth	373
		8.3 Conclusion	385

9 Productivity Growth in U.S. Agriculture: A Postwar perspective			389
		Dale W. Jorgenson and Frank M. Gollop
		9.1 Introduction	389
		9.2 Patterns of Productivity Growth	391
		9.3 Input quality	397
		9.4 Conclusion	399

References			401
Index			417