The Future of US Economic Growth

S-Tier
Journal: American Economic Review
Year: 2014
Volume: 104
Issue: 5
Pages: 44-49

Score contribution per author:

4.022 = (α=2.01 / 2 authors) × 4.0x S-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Modern growth theory suggests that more than three-quarters of growth since 1950 reflects rising educational attainment and research intensity. As these transition dynamics fade, US economic growth is likely to slow at some point. However, the rise of China, India, and other emerging economies may allow another few decades of rapid growth in world researchers. Finally, and more speculatively, the shape of the idea production function introduces a fundamental uncertainty into the future of growth. For example, the possibility that artificial intelligence will allow machines to replace workers to some extent could lead to higher growth in the future.

Technical Details

RePEc Handle
repec:aea:aecrev:v:104:y:2014:i:5:p:44-49
Journal Field
General
Author Count
2
Added to Database
2026-01-25