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

Arthur Blakemore, Don E. Schlagenhauf

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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 languageEnglish (US)
Pages (from-to)153-159
Number of pages7
JournalEconomics Letters
Volume13
Issue number2-3
DOIs
StatePublished - 1983

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ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

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