Perspectives on productivity growth. From: Business Economics | Date: April 1, 1999| Author: Arnold, Robert; Dennis, Robert | COPYRIGHT 1999 The National Association of Business Economists. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

The acceleration trend in labor productivity growth in the US is unusual for the late phases of an expansion. Analysts have predicted that the trend will bring in a new era of growth which has remained at approximately the same level since 1973. Three factors that explain productivity growth include a nation's natural resources, capital accumulation and technological progress. The predictions take into consideration business cycle frequencies for short-term perspectives and the history of pro...

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