The Demise of U.S. Economic Growth: Restatement, Rebuttal, and Reflections

By Robert J. Gordon. 2014

267 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/445d1c2c8abd605ceb87e330f595d8a53afdf668

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In Economics and Econometrics

Citations in the corpus

The Simple Analytics of Helicopter Money: Why It Works — Always (2014, background): “There also is a long-term supply side variant, associated e.g. with Robert Gordon (2014), which focuses on faltering innovation and productivity growth.”
Reconciling Output Gaps: Unobserved Components Model and Hodrick-Prescott Filter (2017, background): “55% from 2007 to 2032 given in Gordon (2014). For comparison we also plot the annualized trend growth rate implied by the HP filter in Figure 3.”
Are Low Real Interest Rates Here to Stay (2017, unknown): “In explaining this movement, the Fund points to the work of Gordon (1990), who emphasizes the role of research and development that is embodied in cheaper, more efficient investment goods. projects, potentially by enough to counter the effect of falling prices and hence maintain investment as a…”
The Effect of the Global Financial Crisis on OECD Potential Output (2015, unknown): “Assuming a constant trend productivity growth rate implicitly ignores the possibility of a secular decline in productivity growth of the form described by Gordon (2014), except to the extent that it is already a feature of the period 2000-07.”
AI and the Economy (2018, background): “On the other hand, Robert Gordon (2014) reminds us that even though Moore’s Law has led to exponential improvement in computing performance, there has been no such analogous improvement in productivity.”
Demographic Structure and Macroeconomic Trends (2019, background): “Gordon (2012, 2014) and Fernald and Jones (2014), looking particularly at the U.S., stress the importance of educational attainment and demography.”
Demographics and Real Interest Rates: Inspecting the Mechanism (2016, methodology): “Subsequent work by the same author (Gordon, 2014) forecasts real output per capita to grow at 0.”
The Equilibrium Real Funds Rate: Past, Present, and Future (2016, background): “First, if, indeed, we are headed for stagnation for supply side reasons (Gordon (2012, 2014)), any such slowdown should not be counted on to translate to a lower equilibrium rate over periods as short as a cycle or two or a decade.”
Robots at Work (2015, unknown): “Gordon (2012) expresses a particularly pessimistic view, and there are broader worries about secular macroeconomic stagnation (Summers, 2014; Krugman, 2014), although others remain more optimistic (Brynjolfsson & McAfee, 2014).”
The Growing Importance of Social Skills in the Labor Market (2017, background): “the Rosenberg Self-Esteem Scale - which are also used by Heckman et al. (2006). This “noncognitive” skill measure is modestly positively correlated with both AFQT (0.”
Tracking the Slowdown in Long-Run GDP Growth (2017, background): “Our results have important implications for trend-cycle decompositions of output, which usually include only a few cyclical indicators, generally inflation or variables that are direct inputs to the production function (see, e.g., Gordon, 2014a, or Reifschneider et al., 2013).”
Digitalisation of the Economy and its Impact on Labour Markets (2016, background): “These authors, from the standpoint of this extended historical perspective, consider that we are today merely trying to grab, with ever greater difficulty, a few possibilities for economic growth by means of innovations such as 3D printers, robots, and so forth, which are in fact barely more than ga”