Dale W. Jorgenson

Transcendental Logarithmic Production Frontiers

Focuses on additive and homogeneous production possibility frontiers that have played an important role in formulating statistical tests of the theory of production. Characterization of the class of production possibility frontiers that are homogenous and additive; Representation of the production possibility frontier; Statistical tests of the theory of production. (Из Ebsco)

Raising the Speed Limit

This paper examines the underpinnings of the successful performance of the US economy in the late 1990s. Relative to the early 1990s, output growth has accelerated by nearly two percentage points. We attribute this to rapid capital accumulation, a surge in hours worked, and faster growth of total factor productivity. The acceleration of productivity growth, driven by information technology, is the most remarkable feature of the US growth resurgence. We consider the implications of these developments for the future growth of the US economy ...

Productivity and U.S. Economic Growth

Overview. Methodology. Sectoral Labor Input. Sectoral Capital Input. Sectoral Output and Intermediate Output. Growth in Sectoral Output. Sectoral Substitution and Technical Change. Aggregate Labor and Capital Inputs. Growth in Aggregate Output. Appendices.

U.S. Energy Policy and Economic Growth, 1975-2000

This paper presents a new approach to the quantitative analysis of U.S. energy policy, based on an integration of econometric modeling and input-output analysis. It incorporates a new methodology for assessing the impact of economic policy on both demand and supply for energy within a complete econometric model of the U.S. economy. The model consists of production models for nine industrial sectors, a model of consumer demand, and a macro-econometric growth model for the U.S. economy. The model is first used to project economic activity and energy utilization for the period 1975 to 2000 under the assumption of no change in energy policy. The model is then employed to design a tax program for stimulating energy conservation and reducing dependence on imported sources of energy. The overall conclusion of the analysis of tax policy is that substantial reductions in energy use can be achieved without economic cost.

Statistical inference for a system of simultaneous, non-linear, implicit equations in the context of instrumental variable estimation

Abstract Statistical inference for a system of simultaneous, non-linear, implicit equations is discussed. The discussion considers inference as an adjunct to two- and three-stage least squares estimation rather than in a general setting. For both of these cases the non-null asymptotic distribution of a test statistic based on the optimization criterion and a test based on the asymptotic distribution of the estimator is found; a total of four. It is argued that the tests based on the optimization criterion are to be preferred in applications. The methods are illustrated by application to hypotheses implied by the theory of demand using a translog expenditure system and data on personal consumption expenditures for durables, non-durables, and energy for the period 1947– 1971.

Environmental Regulation and U.S. Economic Growth

In this article we quantify the costs of pollution controls by reporting the results of simulations of the growth of the U.S. economy with and without regulation. For this purpose, we have constructed a detailed model of the economy that includes the determinants of long-term growth. We have also analyzed the interaction between industries in order to capture the full repercussions of environmental regulations. However, we have not attempted to assess the benefits resulting from a cleaner environment. We find that pollution abatement has emerged as a major claimant on the resources of the U.S. economy. The cost of emission controls is more than 10% of the total cost of government purchases of goods and services.

The Embodiment Hypothesis

Citation Jorgenson, Dale W. 1966. The embodiment hypothesis. Journalof Political Economy 74(1): 1-17.Published Version doi:10.1086/259105Accessed July 9, 2011 5:22:21 PM EDTCitable Link http://nrs.harvard.edu/urn-3:HUL.InstRepos:3403063Terms of Use This article was downloaded from Harvard Universitys DASHrepository, and is made available under the terms and conditionsapplicable to Other Posted Material, as set forth athttp://nrs.harvard.edu/urn-3:HUL.InstRepos:dash.current.terms-of-use#LAA

A Retrospective Look at the U.S. Productivity Growth Resurgence

It is now widely recognized that information technology (IT) was critical to the dramatic acceleration of U.S. labor productivity growth in the mid-1990s. This paper traces the evolution of productivity estimates to document how and when this perception emerged. Early studies concluded that IT was relatively unimportant. It was only after the massive IT investment boom of the late 1990s that this investment and underlying productivity increases in the IT-producing sectors were identified as important sources of growth. Although IT has diminished in significance since the dot-com crash of 2000, we project that private sector productivity growth will average around 2.5 percent per year for the next decade, a pace that is only moderately below the average for the 1995-2005 period.

Relative Prices and Technical Change

In this paper our objective is to analyze technical change and the distribution of the value of output for thirty-six industrial sectors of the U.S. economy. Our most important conceptual innovation is to determine the rate of technical change and the distributive shares of productive inputs simultaneously as functions of relative prices. We show that the effects of technical change on the distributive shares is precisely the same as the effects of relative prices on the rate of technical change.

Reducing US carbon emissions: an econometric general equilibrium assessment

Abstract This paper describes research we conducted as part of Energy Modeling Forum 12, a recent study of the costs of limiting carbon dioxide emissions organized by the Energy Modeling Forum at Stanford University. It discusses how our approach differed from that of other participants in EMF-12 and presents several important findings. In particular, we show that in the United States the effects of a carbon tax will be very similar to the effects of a tax placed solely on coal. Outside the coal sector, the principal effect of carbon tax will be to raise the cost of electricity and to shift base load electric generating capacity toward fuels other than coal. At the aggregate level, higher energy prices will cause gross national product to fall unless the revenue from tax is used to reduce high marginal tax rates elsewhere in the economy.