A test for structural instability in the secular growth rate of productivity

Arthur Blakemore; Don E. Schlagenhauf

doi:10.1016/0165-1765(83)90078-2

A test for structural instability in the secular growth rate of productivity

Arthur Blakemore
, Don E. Schlagenhauf

Research output: Contribution to journal › Article › peer-review

1 Scopus citations

Abstract

In this paper we challenge the orthodox notion that long-run productivity in the U.S. has suffered two distinct structural breaks. Instead, we find that the slowdown in the secular growth rate can be more appropriately characterized as a continuous, non-linear decline since the early 1950's.

Original language	English (US)
Pages (from-to)	153-159
Number of pages	7
Journal	Economics Letters
Volume	13
Issue number	2-3
DOIs	https://doi.org/10.1016/0165-1765(83)90078-2
State	Published - 1983

ASJC Scopus subject areas

Finance
Economics and Econometrics

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title = "A test for structural instability in the secular growth rate of productivity",

abstract = "In this paper we challenge the orthodox notion that long-run productivity in the U.S. has suffered two distinct structural breaks. Instead, we find that the slowdown in the secular growth rate can be more appropriately characterized as a continuous, non-linear decline since the early 1950's.",

author = "Arthur Blakemore and Schlagenhauf, \{Don E.\}",

note = "Funding Information: * The authors are grateful to Barry Bosworth, William J. Boyes, Peter K. Clark, Herbert M. Kaufman and Robert Flanagan for their suggestions. This research was partially funded by Arizona State University, through the Faculty Grant-in-Aid Program. {\textquoteright} See Blakemore and Schlagenhauf (n.d.). 2 Nordhaus (1982) discusses the possibility that this more gradual type of slowdown may be due to a continuous depletion of resources and {\textquoteleft}great inventions{\textquoteright}. 3 Goldfeld and Quandt (1976) provided a thorough exposition of this type of methodology. Copyright: Copyright 2014 Elsevier B.V., All rights reserved.",

year = "1983",

doi = "10.1016/0165-1765(83)90078-2",

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AU - Schlagenhauf, Don E.

N1 - Funding Information: * The authors are grateful to Barry Bosworth, William J. Boyes, Peter K. Clark, Herbert M. Kaufman and Robert Flanagan for their suggestions. This research was partially funded by Arizona State University, through the Faculty Grant-in-Aid Program. ’ See Blakemore and Schlagenhauf (n.d.). 2 Nordhaus (1982) discusses the possibility that this more gradual type of slowdown may be due to a continuous depletion of resources and ‘great inventions’. 3 Goldfeld and Quandt (1976) provided a thorough exposition of this type of methodology. Copyright: Copyright 2014 Elsevier B.V., All rights reserved.

PY - 1983

Y1 - 1983

N2 - In this paper we challenge the orthodox notion that long-run productivity in the U.S. has suffered two distinct structural breaks. Instead, we find that the slowdown in the secular growth rate can be more appropriately characterized as a continuous, non-linear decline since the early 1950's.

AB - In this paper we challenge the orthodox notion that long-run productivity in the U.S. has suffered two distinct structural breaks. Instead, we find that the slowdown in the secular growth rate can be more appropriately characterized as a continuous, non-linear decline since the early 1950's.

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U2 - 10.1016/0165-1765(83)90078-2

DO - 10.1016/0165-1765(83)90078-2

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JO - Economics Letters

JF - Economics Letters

IS - 2-3

ER -

A test for structural instability in the secular growth rate of productivity

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