Transformation of the World Economy, Presentation to Japan Prime Minister Shinzo Abe and Cabinet ministers at an International Finance and Economic Assessment Council meeting, Tokyo, Japan, Thursday, March 17, 2016. (Video and media coverage)
A Productivity Revolution and Japan's Revitalization, Presentation at the Agenda for the Second Stage of Abenomics Productivity Improvement and Working Style Reform: Key Policy Measures to Realize the "Dynamic Engagement of All Citizens” at the Japan Center for Economic Research, Tokyo, Japan, Wednesday, March 16, 2016.
The Rise of Asia and the Transformation of the World Economy, at Public Forum: The Third Asia KLEMS Conference, Taipei, Taiwan, Thursday, August 13, 2015. Presentation at the 2015 Thinkers Forum: Asia’s Revival – The Economic Driver, sponsored by The Economic Daily News. (Video and media coverage)
THE INTERMEDIATE-TERM OUTLOOK FOR U.S. ECONOMIC GROWTH: Lessons from Postwar History, at the Future of U.S. Economic Growth Conference at the Cato Institute, Washington, D.C., Thursday, December 4, 2014. Presentation for the panel discussion of "Forecasting the Long-Term Growth Outlook." (Video)
Samuel W. Morris University Professor
Dale W. Jorgenson is the Samuel W. Morris University Professor at Harvard University. He was awarded the prestigious John Bates Clark Medal by the American Economic Association in 1971 and served as President of the Association in 2000. He has been honored with nine honorary doctorates and membership in the American Philosophical Society, the Royal Swedish Academy of Sciences, the U.S. National Academy of Sciences, and the American Academy of Arts and Sciences. Jorgenson was a Founding Member of the Board on Science, Technology, and Economic Policy of the National Research Council in 1991 and served as Chairman of the Board from 1998 to 2006.
Jorgenson has conducted groundbreaking research on information technology and economic growth, energy and the environment, tax policy and investment behavior, and applied econometrics. He is the author of more than 300 articles in economics and the author and editor of 37 books. His latest book, The World Economy: Growth or Stagnation, is edited with Kyoji Fukao and Marcel Timmer and will be published by the Cambridge University Press in 2016. This book presents new information on productivity and economic growth for more than forty countries, showing that world economic growth has accelerated during the twenty-first century and that rapid growth will continue.
The recovery of employment and the revival of US economic growth
Dale Jorgenson, Mun S. Ho, Jon Samuels
November 1, 2016
There has been speculation that the low employment rates for younger and less-educated workers in the US reflect a ‘new normal’. This column uses detailed new US data to project output, productivity, and employment rates over the next decade. The results indicate that US economic growth will continue to recover from the Great Recession through the resumption of growth in productivity and labour input. The recovery of employment rates for less-educated and younger workers will make an important contribution to future economic growth. (See full article.)
In the News. Sept. 1, 2016
Harvard Global Institute Studies Climate Change [Harvard Gazette, Sept. 1, 2016, “With Two Years to Go, Campaign’s Impact Expands”]
Climate change poses one of the greatest threats of our time. At this critical moment, The Harvard Campaign has provided resources for the University to address this global challenge through multidisciplinary approaches.
Working under the auspices of the recently launched Harvard Global Institute, Michael McElroy, the Gilbert Butler Professor of Environmental Studies, and Dale Jorgenson, the Samuel W. Morris University Professor, began their pioneering multiyear study of climate change in China. (See full story.)
In the News, August 2, 2016
Remember those low-skilled workers, the ones who are disappearing from the work force because globalization and technology have passed them by? The ones whose economic frustration is driving populist politics around the world?
Download the NBER working paper: “Education, Participation, and the Revival of U.S. Economic Growth,” by Dale W. Jorgenson, Mun S. Ho, and Jon D. Samuels.
Jorgenson Awarded Honorary Doctorate at University of Valencia
On Thursday, 26 May 2016, Dale W. Jorgenson received an Honorary Degree by the Universitat de València. His mentors were Matilde Mas and Francisco Pérez, both Professors of the Universitat de València and Ivie Researchers. Francisco Pérez was in charge of reading the laudatio, which highlighted the key theoretical and empirical contributions of Jorgenson, stressing that the backdrop of many of Jorgenson’s works is a subject that generates the greatest interest in economics since its emergence as a distinct scientific field: factors which drive progress.
In his lectio, Jorgenson said that productivity and economic growth of the world economy are experiencing "a fundamental transformation", as a result of the increasing advances based on contributions by various assets, physical and human, that improve productivity, and the reduction in the weight of exogenous technical progress. Jorgenson also noted that world economic growth has accelerated during the 21st century, mainly due to the pace of emerging economies, some of which, like China, have become leading world economies. (Read More)
Fourth World KLEMS Conference Held in Madrid, May 23-24, 2016
The Fourth World KLEMS Conference was held at the BBVA Foundation in Madrid, Spain, on May 23-24, 2016. The conference included reports on recent progress in the development and applications of industry-level data sets on outputs, inputs, and productivity in Asia, Europe, Latin America, and the United States. The acronym KLEMS refers to inputs of capital (K), labor (L), energy (E), materials (M), and services (S). These data are widely used in research on economic growth and structural change and in international comparisons based on industry-level purchasing power parities. (Read More)
Jorgenson Addresses Japan Prime Minister Abe and Cabinet
Japan Prime Minister Shinzo Abe and Cabinet ministers met with Professor Dale Jorgenson at a March 17, 2016, International Finance and Economic Assessment Council meeting. The global economy and finance meeting was organized by the Japanese government as part of their efforts to evaluate growth strategy. (Read More)
ROC President Ma meets Harvard Professor Dale Jorgenson
President Ma Ying-jeou met on the morning of August 14, 2015 with Dale W. Jorgenson, Samuel W. Morris University Professor at Harvard University, and Mrs. Jorgenson. Addressing his guests, the president spoke about the recent state of Taiwan's economy, and government efforts and approaches to promoting Taiwan's industrial transformation.
In his remarks, President Ma acknowledged that Professor Jorgenson founded the Asia KLEMS Conference, whose primary objective is to promote the building of databases based on the KLEMS methodology, which analyzes capital (K), labor (L), energy (E), materials (M), and services (S) inputs. The KLEMS database is already widely applied in economic development in countries throughout Asia, and helps compare and analyze changes in industrial structure and productivity. This year's KLEMS Conference will focus on the themes "Structural Changes and Productivity Growth in Asian Countries" and "Asia's Revival—The New Economic Driver." These topics are extremely important in light of the challenges that Asian nations are currently facing in transforming their economic and industrial structures. President Ma said the discussions will provide valuable reference points for governments in policy planning. (Read More or access link)
Harvard Magazine, Sept. -Oct. 2014
Time to Tax Carbon
Enhancing environmental quality and economic growth
In December of this year, representatives from nations around the world will meet in Paris to discuss a global climate-change agreement that would take effect in 2020. Central to those discussions will be setting a price on carbon and its equivalents—a figure that captures the social costs of releasing greenhouse gases into the atmosphere.
As the no doubt fraught scientific and political discussion in the French capital nears, the work of Morris University Professor Dale Jorgenson, an economist known for his ability to marry theory and practice, is especially important. (Read More)