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SESSION 5A: PRODUCTIVITY
Early Twentieth Century American Productivity Growth Dynamics
Published online by Cambridge University Press: 13 August 2001
Abstract
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A marked acceleration of total factor productivity (TFP) growth in U.S. manufacturing followed World War I. The paper analyzes this development, attributing it to the confluence of diffusion of a general-purpose-technology (electrification) with a regime change in the industrial labor market.
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- © 2001 Cambridge University Press
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