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A test for structural instability in the secular growth rate of productivity

Authors
Journal
Economics Letters
0165-1765
Publisher
Elsevier
Publication Date
Volume
13
Identifiers
DOI: 10.1016/0165-1765(83)90078-2

Abstract

Abstract In this paper we challenge the orthodox notion that long-run productivity in the U.S. has suffered two distinct structural breaks. Instead, we find that the slowdown in the secular growth rate can be more appropriately characterized as a continuous, non-linear decline since the early 1950's.

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