• DocumentCode
    1350913
  • Title

    How energy, and its cost, enter the `productivity equation¿

  • Author

    Berndt, Ernst R. ; Jorgenson, Dale W.

  • Author_Institution
    University of British Columbia
  • Volume
    15
  • Issue
    10
  • fYear
    1978
  • Firstpage
    50
  • Lastpage
    52
  • Abstract
    Energy use, economic growth, and average labor productivity are closely related to one another, and an analysis of these relationships in the United States shows that the next decade is Likely to be one of reduced rate of growth of labor productivity, accompanied by a lowered rate of economic growth. These reductions can be traced to the fourfold increase in petroleum prices in late 1973 and early 1974.
  • Keywords
    Companies; Economics; Employment; Fuels; Investments; Productivity; Technological innovation;
  • fLanguage
    English
  • Journal_Title
    Spectrum, IEEE
  • Publisher
    ieee
  • ISSN
    0018-9235
  • Type

    jour

  • DOI
    10.1109/MSPEC.1978.6367905
  • Filename
    6367905
    • Link To Document
    https://search.isc.ac/dl/search/defaultta.aspx?DTC=49&DC=1350913