Daily archives: 31. October 2022

1 post

Productivity Growth Before and During the Pandemic

Robert J. Gordon, Hassan Sayed: A New Interpretation of Productivity Growth Dynamics in the Pre-Pandemic and Pandemic Era U.S. Economy, 1950-2022, in: NBER Working Paper Series No 30267 (July 2022), online in: https://www.doi.org/10.3386/w30267. Abstract The dismal decade of 2010-19 recorded the slowest productivity growth of any decade in U.S. history, only 1.1 percent per year in the business sector. Yet the pandemic appears to have created a resurgence in productivity growth with a 4.1 percent rate achieved in the four quarters of 2020. This paper provides a unified framework that explains productivity growth in both the pre-pandemic and pandemic-era U.S. […]