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The future of US economic growth
Fernald, John G ; Jones, Charles I
The American economic review, 2014-05, Vol.104 (5), p.44-49
[Periódico revisado por pares]
Nashville: American Economic Association
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Título:
The future of US economic growth
Autor:
Fernald, John G
;
Jones, Charles I
Assuntos:
Bildungsniveau
;
China
;
Economic analysis
;
Economic conditions
;
Economic growth
;
Economic growth models
;
Economic growth rate
;
Economic growth theories
;
Economic recessions
;
Economic statistics
;
Economic theory
;
Economics
;
Education
;
Educational attainment
;
Forschung
;
GDP
;
Great Depression
;
Great Recession
;
Gross Domestic Product
;
Growth models
;
Growth rate
;
Growth theory
;
Human capital
;
India
;
Level of education
;
Life expectancy
;
Production functions
;
Studies
;
U.S.A
;
USA
;
Wachstumstheorie
;
WHAT'S NATURAL? KEY MACROECONOMIC PARAMETERS AFTER THE GREAT RECESSION
;
Wirtschaftsprognose
;
Wirtschaftswachstum
É parte de:
The American economic review, 2014-05, Vol.104 (5), p.44-49
Notas:
ObjectType-Article-2
SourceType-Scholarly Journals-1
ObjectType-Feature-1
content type line 23
Descrição:
Modern growth theory suggests that more than three-quarters of growth since 1950 reflects rising educational attainment and research intensity. As these transition dynamics fade, US economic growth is likely to slow at some point. However, the rise of China, India, and other emerging economies may allow another few decades of rapid growth in world researchers. Finally, and more speculatively, the shape of the idea production function introduces a fundamental uncertainty into the future of growth. For example, the possibility that artificial intelligence will allow machines to replace workers to some extent could lead to higher growth in the future.
Editor:
Nashville: American Economic Association
Idioma:
Inglês
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