Sources of Productivity Growth
The most famous description of the productivity sources is that of Solow’s (1957): ”I am using the phrase ’technical change’ as a shorthand expression for any kind of shift in the production function. Thus slowdowns, speed ups, improvements in the education of the labor force and all sorts of things will appear as ’technical change’ ” Since then more specific descriptions of productivity sources have emerged referring to investment, innovations, skills, enterprise and competition (ONS 3, 20).
Read more about this topic: Productivity
Famous quotes containing the words sources of, sources, productivity and/or growth:
“My profession brought me in contact with various minds. Earnest, serious discussion on the condition of woman enlivened my business room; failures of banks, no dividends from railroads, defalcations of all kinds, public and private, widows and orphans and unmarried women beggared by the dishonesty, or the mismanagement of men, were fruitful sources of conversation; confidence in man as a protector was evidently losing ground, and women were beginning to see that they must protect themselves.”
—Harriot K. Hunt (18051875)
“The American grips himself, at the very sources of his consciousness, in a grip of care: and then, to so much of the rest of life, is indifferent. Whereas, the European hasnt got so much care in him, so he cares much more for life and living.”
—D.H. (David Herbert)
“It is ultimately in employers best interests to have their employees families functioning smoothly. In the long run, children who misbehave because they are inadequately supervised or marital partners who disapprove of their spouses work situation are productivity problems. Just as work affects parents and children, parents and children affect the workplace by influencing the employed parents morale, absenteeism, and productivity.”
—Ann C. Crouter (20th century)
“The quality of American life is an insult to the possibilities of human growth ... the pollution of American space, with gadgetry and cars and TV and box architecture, brutalizes the senses, making gray neurotics of most of us, and perverse spiritual athletes and strident self-transcenders of the best of us.”
—Susan Sontag (b. 1933)