Abstract
The purpose of this paper is to summarise the author’s researches into total investment and capital in relation to the growth of real national product and productivity, with particular reference to the economy of the United States of America; and to discuss some of the implications of the empirical findings of the studies.
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Notes
See John W. Kendrick, The Formation and Stocks of Total Capital (New York: National Bureau of Economic Research, 1976) pp. xxii–xxiii.
Harry G. Johnson, ‘Comments: The Residual Factor and Economic Growth’ (Paris: OECD, 1964) p. 221.
See John W. Kendrick, Postwar Productivity Trends in the United States, 1948–1969 (New York: National Bureau of Economic Research, 1973).
See Edward F. Denison, Accounting For United States Economic Growth, 1929–1969 (Washington: The Brookings Institution, 1974), especially Table 8–2, p. 111.
See Moses Abromovitz, Essays in Honor of Bernard Haley (Stanford: Stanford University Press, 1959).
See Kenneth J. Arrow, ‘The Economic Implications of Learning by Doing’, Review of Economic Studies (June 1962).
Pioneering work in this field was done by Armen Alchian. See, for example, ‘Reliability of Progress Curves in Airframe Production’, Econometrica (October 1963).
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© 1980 International Economic Association
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Kendrick, J.W. (1980). Total Investment, Capital, and Economic Growth. In: Matthews, R.C.O. (eds) Economic Growth and Resources. International Economic Association Series. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-04063-6_5
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DOI: https://doi.org/10.1007/978-1-349-04063-6_5
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