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 published in December 2016, The World Economy: Growth or Stagnation, is edited with Kyoji Fukao and Marcel Timmer and published by the Cambridge University Press. 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.
Pricing Carbon, at the 2017 Tsinghua International Summer School, Tsinghua University, School of Environment, Beijing, Tuesday, August 8, 2017.
The Second Phase of Abenomics, at the Research Institute of Economy, Trade and Industry (RIETI) International Symposium, Tokyo, Japan, Tuesday, August 1, 2017.
Production and Welfare: Progress in Economic Measurement, at the Economic Statistics Centre for Excellence (ESCoE) National Institute of Economic and Social Research, London, UK, Monday, July 3, 2017.
25th Anniversary of the GGDC: Measuring the World, at the 25 Anniversary of the Groningen Growth and Development Centre, Faculty of Economics and Business, Groningen, The Netherlands, Wednesday, June 28, 2017.
The Outlook for Advanced Economies, Presentation at the 2017 ASSA Annual Meeting; Session: Are Advanced Countries Facing Stagnation? Saturday, Jan. 7, 2017, Chicago, IL. Hosted by the American Economic Association.
Why is India the Most Rapidly Growing Economy in the World? Kotak Family Distinguished Lecture at Columbia University, School of International and Public Affairs. New York, NY, Friday, December 2, 2016. (Video)
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)
Journal of Economic Literature Sept. 2018
Production and Welfare: Progress in Economic Measurement
by Dale W. Jorgenson
Abstract: While the GDP was intended by its originators as a measure of production, the absence of a measure of welfare in the national accounts has led to widespread misuse of the GDP to proxy welfare. Measures of welfare are needed to appraise the outcomes of changes in economic policies and evaluate the results. Concepts that describe the income distribution, such as poverty and inequality, fall within the scope of welfare rather than production. This paper reviews recent advances in the measurement of production and welfare within the national accounts, primarily in the United States and the international organizations. Expanding the framework beyond the national accounts has led to important innovations in the measurement of both production and welfare. Read More
Harvard Hosts Fifth World KLEMS Conference
The Fifth World KLEMS Conference was hosted by Samuel W. Morris University Professor Dale W. Jorgenson on June 4 and 5, 2018. The conference brought together researchers from throughout the world to discuss recent progress in the development and application of sectoral data sets on output, inputs of capital (K), labor (L), energy (E), materials (M), and services (S), and productivity or output per unit of input. These data sets are now available for more than forty countries. More than a dozen countries publish these data sets annually as part of the official national accounts, following the United Nations’ System of National Accounts 2008.
Financial support for this conference was provided by the Donald Marron Center for Economic Data at Harvard University.
The World Economy: Growth or Stagnation?
The balance of the world economy is shifting away from the established economies of Europe, Japan, and the USA, towards the emerging economies of Asia, especially India and China. With contributions from some of the world's leading growth theorists, this book analyses the long-term process of structural change and productivity growth across the world from a unique comparative perspective. Ongoing research from the World KLEMS Initiative is used to comparatively study new sources of growth - including the role of investment in intangible assets, human capital, technology catch-up, and trade in global value chains. This book provides comparisons of industries and economies that are key to analysing the impacts of international trade and investment. This makes it an ideal read for academics and students interested in understanding current patterns of economic growth. It will also be of value to professionals with an interest in the drivers of economic growth and crisis. (Publisher's version of book)
See related presentation "Pricing Carbon," at the Lau Chor Tak Institute of Global Economics and Finance, the Chinese University of Hong Kong, Friday, August 4, 2017.
Kotak Family Distinguished Lecture
Why Is India the Most Rapidly Growing Economy in the World? Columbia University, New York, NY, December 2, 2016. (video). See more at Rediff.com, March 2, 2017: "India will be world's fastest economy for the next decade."
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.)
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)