Measuring Economic Growth and Productivity: Foundations, Klems Production Models, and Extensions

Measuring Economic Growth and Productivity presents new insights into the causes, mechanisms, and results of growth in national and regional accounts. It demonstrates the versatility and usefulness of the KLEMS databases, which generate internationally comparable industry-level data on outputs, inputs, and productivity. By rethinking economic development beyond existing measurements, its contributors align the measurement of growth and productivity to contemporary global challenges, addressing the need for measurements superior to the Gross Domestic Product. All contributors to this foundational volume are recognized experts in their fields, inspired by the path-breaking research of Dale W. Jorgenson.

• Demonstrates how an approach based on sources of economic growth (KLEMS - capital, labor, energy, materials, and services) can be used to analyze economic growth and productivity
• Includes examples covering the G7, E7, EU, Latin America, Norway, China, Taiwan, Japan, Korea, India, and other South Asian countries
• Examines the effects of digital, information, communication, and integrated technologies on national and regional economies