Understanding the growth slowdown / edited by Brink Lindsey ; cover design by Jon Meyers.

Format:

Book

Contributor:

Lindsey, Brink, editor.

Meyers, Jon, cover designer.

Language:

English

Subjects (All):

Economic development.

Economic development--Sociological aspects.

Physical Description:

1 online resource (149 p.)

Edition:

1st ed.

Place of Publication:

Washington, District of Columbia : Cato Institute Press, 2015.

Summary:

Companies and industries rise and fall...fortunes are made and lost...jobs are created and destroyed by the millions. These are the headline-grabbing dramas of modern economic life. But, residing beneath the booms and busts is a more deeply consequential drama: the long-term growth of real gross domestic product (GDP). Often only apparent years after happening, shifts in long term growth rates are as momentous as they are subtle. This new ebook examines the gathering evidence, in the wake of the great recession of 2008, that we are in the midst of one of these profound shifts. The disappointing performance of the U.S. economy in recent years-the slowest post recession expansion since World War II-may not be just a temporary setback after a severe downturn. It could be the "new normal."

Contents:

Title Page; Copyright Page; Contents; Editor's Introduction; SECTION ONE: FORECASTING THE LONG-TERM GROWTH OUTLOOK; 1. The Outlook for U.S. Economic Growth; 2. The Rise and Fall of Exceptional U.S. Productivity Growth; 3. Explanations for Slow Long-Term Growth; SECTION TWO: THE FUTURE OF INNOVATION; 4. The Turtle's Progress: Secular Stagnation Meets the Headwinds; 5. Computing Bounty: GDP and Beyond; 6. Information Technology and Productivity Growth; SECTION THREE: IS ECONOMIC DYNAMISM IN DECLINE?; 7. Business Dynamism and Growth

8. The Demise of U.S. Dynamism Is Vastly Exaggerated-But All Is Not Well9. Is Entrepreneurship in Decline?; Notes

Notes:

Description based upon print version of record.

Description based on online resource; title from PDF title page (ebrary, viewed December 29, 2015).

ISBN:

9781939709783

1939709784

OCLC:

932388246