Innovation and the Productivity Crisis

Martin Neil Baily (Autor)

Buch | Hardcover

90 Seiten

1988
Brookings Institution (Verlag)
978-0-8157-0760-8 (ISBN)

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The collapse of U.S. productivity growth since the late 1960s has been the most severe and persistent of recent economic problems. This volume reviews the extent of the growth slowdown, evaluates several contributing factors, and suggests strategies for improvement. The authors find that inflation, recessions, oil price fluctuations, and other economic disruptions in the 1970s had an averse effect on economic performance, but, they suggest, a slowing in the pace of innovation and a failure to exploit the benefits of innovation also contributed to the weakness in productivity. Baily and Chakrabarti provide a comprehensive assessment of U.S. technology policy and its importance to growth. They argue for continued support of basic science, even though strength in this area does not give the U.S. economy an immediate competitive advantage, and advocate increased support for ""middle ground"" and commercial research. They conclude that this support must be structured to preserve the advantages of the market.

Erscheint lt. Verlag	30.4.1988
Sprache	englisch
Maße	152 x 229 mm
Themenwelt	Wirtschaft ► Volkswirtschaftslehre ► Wirtschaftspolitik
ISBN-10	0-8157-0760-6 / 0815707606
ISBN-13	978-0-8157-0760-8 / 9780815707608
Zustand	Neuware