Dale Jorgenson

Contents

List of Tables

ix

Preface

xv

List of Sources

xxvii

1 Productivity and Economic Growth

1

Dale W. Jorgenson

1.1 Introduction

1

1.2 Measuring labor Input

17

1.3 Measuring Capital Input

28

1.4 Measuring Output, Intermediate Input, and Productivity

44

1.5 Measuring aggregate output and Productivity

57

1.6 Econometric Modeling of Production

72

1.7 Conclusion

87

2 Measurement of Macroeconomic Performance in Japan , 1951-1968

99

Mitsuo Ezaki and Dale W. Jorgenson

2.1 Introduction

99

2.2 Basic Accounting Framework for the National Economy

101

2.3 Product and Factor Outlay for the Producing Sector

109

2.4 Income, Outlay, Saving, and Wealth for the Consuming Sector

130

2.5 Measurement of Productivity Change

146

2.6 Concluding Remarks

171

3 U.S. and Japanese Economic growth, 1952-1974: An International Comparison

179

Mieko Nishimizu and Dale W. Jorgenson

3.1 Introduction

179

3.2 Methodology

181

3.3 Output

184

3.4 Input

188

3.5 Productivity

197

4 Economic Growth, 1947-1973: An International Comparison

203

Laurits R. Christensen, Dianne Cummings, and Dale W. Jorgenson

4.1 Introduction

203

4.2 Methodology

210

4.3 Production Account

223

4.4 International Comparisons

239

4.5 Summary and Conclusions

252

4.6 Appendix

254

5 Relative Productivity Levels, 1947-1973: An International Comparison

297

Laurits R. Christensen, Diane Cummings, and Dale W. Jorgenson

5.1 Introduction

297

5.2 Methodology

299

5.3 Multilateral Comparisons for 1970

307

5.4 Relative Levels of output, Inputs, and productivity, 1947-1973

314

5.5 Concluding Remarks

326

5.6 Appendix A

328

5.7 Appendix B

329

6 Sectoral Productivity Gaps Between the United States , japan and Germany , 1960-1979

333

Klaus Conrad and Dale W. Jorgenson

6.1 Introduction

333

6.2 Methodology

334

6.3 Data and Purchasing Power Parities

338

6.4 Empirical Results

341

7 Japan - U.S. Industry-Level Productivity Comparisons, 1960-1979

347

Dale W. Jorgenson, Masahiro Kuroda, and Mieko Nishimizu

7.1 Introduction

347

7.2 Theoretical Framework

348

7.3 An International comparison of Sectoral Patterns of Growth

355

7.4 Estimation of Purchasing Power Parity Indexes

365

7.5 International Comparison of Productivity Levels

368

7.6 Conclusion

374

8 Productivity and Economic Growth in Japan and the United States, 1960-1985

377

Dale W. Jorgenson

9 Productivity and International Competitiveness in Japan and the United States, 1960-1985

387

Dale W. Jorgenson and Masahiro Kuroda

9.1 Introduction

387

9.2 Purchasing Power Parities

390

9.3 Relative Productivity Levels

402

9.4 Conclusion

412

9.5 Appendix

414

References

419

Index

455