Publications

2011
Jorgenson, Dale W, and Khuong Vu. “The Rise of Developing Asia and The New Economic Order.” Journal of Policy Modeling 33, no. 5 (2011): 698-751. PDF
Jorgenson, Dale W, and Marcel P Timmer. “Structural Change in Advanced Nations.” Scandinavian Journal of Economics 113, no. 1 (2011): 1-29.Abstract

We provide new evidence on patterns of structural change in advanced economies, reconsidering the stylised facts put forward by Kaldor (1963), Kuznets (1971), and Maddison (1980). Since 1980, the services sector has overwhelmingly predominated in the economic activity of the European Union, Japan, and the US, but there is substantial heterogeneity among services. Personal, finance, and business services have low productivity growth and increasing shares in employment and GDP. By contrast, shares of distribution services are constant, and productivity growth is rapid. We find that the labour share in value-added is declining, while the use of ICT capital and skilled labour is increasing in all sectors and regions.

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Jorgenson, Dale W. “Innovation and Productivity Growth.” American Journal of Agricultural Economics 93, no. 2 (2011): 276-296. PDF
2010
Jorgenson, Dale W, and Khuong Vu. “Latin America and The World Economy.” In Innovation and Economic Development, edited by Mario Cimoli, Andre A Hofman, and Nanno Mulder, 19-53. Northampton MA: Edward Elgar, 2010. PDF
Jorgenson, Dale, and Khuong Vu. “Potential Growth of the World Economy.” Journal of Policy Modeling 32, no. 5 (2010): 615-631.Abstract
This paper introduces a new framework for projecting potential growth of the world economy, emphasizing the contribution of information technology. We first analyze the sources of economic growth for the world economy, seven regions, and fourteen major economies during four periods – 1989-1995, 1995-2000, 2000-2004, and 2004-2008. The contribution of investment in information technology has increased in all regions, but especially in industrialized economies and Developing Asia. We then project the potential growth rates of labor productivity and GDP for 122 economies over the ten-year period 2009-2019. Relative to historical growth for 1989-2008, we project lower growth rates for productivity and GDP.
Jin, Hui, and Dale Jorgenson. “Econometric Modeling of Technical Change.” Journal of Econometrics 157, no. 2 (2010): 205-219. PDF Supplement
Jorgenson, Dale. “Human Capital and the National Accounts.” Survey of Current Business 90, no. 6 (2010): 54-56. PDF
Jorgenson, Dale W. “Designing a New Architecture for the U.S. National Accounts to Capture Innovation.” Survey of Current Business 90, no. 2 (2010): 17-23. PDF
Jorgenson, Dale W. “Designing a New Architecture for the U.S. National Accounts.” The Annals of the American Academy of Political and Social Science 631, no. 1 (2010): 63-74. PDF
2009
Jorgenson, Dale W, ed. The Economics of Productivity. Northampton MA : Edward Elgar Publishing, 2009. Publisher's Version
Jorgenson, Dale. “Introduction.” In The Economics of Productivity, edited by DW Jorgenson, ix-xxviii. Northampton MA: Edward Elgar, 2009.
Vu, Khuong, and Dale Jorgenson. “Growth Accounting within the International Comparison Program.” ICP Bulletin 6, no. 1 (2009): 3-19. PDF
Jorgenson, Dale, and Mark Blaug. “Economics of Productivity.” In The International Library of Critical Writings in Economics. Northampton: Edward Elgar, 2009. PDF
Jorgenson, Dale. “A New Architecture for the U.S. National Accounts.” Review of Income and Wealth 55, no. 1 (2009): 1-42. PDF
Jorgenson, Dale. “Can Technology Save the Economy?Technology Review. MIT, 2009. Publisher's Version
2008
C.L.II,No tendran un boom historico pero seguiran exportando bien.” Diario Perfil, 2008, sec. Economics. Publisher's Version
Slesnick, Daniel T, and Dale Jorgenson. “Consumption and Labor Supply.” Journal of Econometrics 127, no. 1 (2008): 326-335.Abstract

We present a new econometric model of aggregate demand and labor supply for the United States. We also analyze the allocation full wealth among time periods for households distinguished by a variety of demographic characteristics. The model is estimated using micro-level data from the Consumer Expenditure Surveys supplemented with price information obtained from the Consumer Price Index. An important feature of our approach is that aggregate demands and labor supply can be represented in closed form while accounting for the substantial heterogeneity in behavior that is found in household- level data. As a result, we are able to explain the patterns of aggregate demand and labor supply in the data despite using a parametrically parsimonious specification.

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Jorgenson, Dale, Mun S Ho, and Kevin J Stiroh. “A Retrospective Look at the U.S. Productivity Growth Resurgence.” Journal of Economic Perspectives 22, no. 1 (2008): 3-24. PDF
Villetelle, Jean-Pierre. “Review of A New Architecture for the U.S. National Accounts.” International Productivity Monitor (2008). PDF
Goettle, Richard J, Mun S Ho, Daniel T Slesnick, Peter J Wilcoxen, and Dale Jorgenson. “U.S. Labor Supply and Demand in the Long Run.” Journal of Policy Modeling 30, no. 4 (2008): 603-618. PDF

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