Staff Publications

Staff Publications

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    'Staff publications' is the digital repository of Wageningen University & Research

    'Staff publications' contains references to publications authored by Wageningen University staff from 1976 onward.

    Publications authored by the staff of the Research Institutes are available from 1995 onwards.

    Full text documents are added when available. The database is updated daily and currently holds about 240,000 items, of which 72,000 in open access.

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Record number 495318
Title A Vision of the Growth Process in a Technologically Progressive Economy: the United States, 1899-1941
Author(s) Bakker, Gerben; Crafts, N.F.R.; Woltjer, P.J.
Source London : London School of Economics and Political Science (LSE Economic History Working Papers 226) - 73 p.
Department(s) Rural and Environmental History
WASS
Publication type Working paper aimed at scientific audience
Publication year 2015
Keyword(s) Harberger diagram; mushrooms; productivity growth; total factor productivity; yeast
Abstract We develop new aggregate and sectoral Total Factor Productivity (TFP) estimates for the United States between 1899 and 1941 through better coverage of sectors and better measured labor quality, and show TFP-growth was lower than previously thought, broadly based across sectors, strongly variant
intertemporally, and consistent with many diverse sources of innovation. We then test and reject three prominent claims. First, the 1930s did not have the highest TFP-growth of the twentieth century. Second, TFP-growth was not predominantly caused by four leading sectors. Third, TFP-growth was not caused by
a ‘yeast process’ originating in a dominant technology such as electricity.
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