Productivity slowdown: a sectoral analysis

Journal Article · Sun Apr 01 04:00:00 EST 1984 · Econ. Rev.; (United States)

OSTI ID:7066379

Morris, C S

Arguing that there has been no slowdown in trend labor productivity growth since 1973, the author examines productivity behavior in the postwar period. He presents consistent evidence across major sectors that the apparent second slowdown in trend productivity growth beginning in 1974 is an illusion resulting from the wage and price control program of the early 1970s. One implication is that any policy designed to reverse the ''slowdown'' that appeared to begin in 1974 should be reevaluted. When viewed as cyclical behavior, the slow productivity growth in the late 1970s is more the result of sluggish economic growth than the cause. Efforts should be made to understand why productivity growth has slowed over the entire period from the late 1960s to the present as a result of regulations and tax laws. 24 references, 3 figures, 4 tables.

• OSTI ID: 7066379
• Journal Information: Econ. Rev.; (United States), Journal Name: Econ. Rev.; (United States); ISSN ERKCD
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
290200* -- Energy Planning & Policy-- Economics & Sociology
CONSTRAINTS
ECONOMIC ANALYSIS
ECONOMIC GROWTH
ECONOMIC IMPACT
ECONOMICS
HISTORICAL ASPECTS
PRICING REGULATIONS
PRODUCTIVITY
REGULATIONS