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The Role of Energy in the Productivity Slowdown: A Comment

John A. Tatom

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Abstract

This paper takes a look at Dale Jorgenson's 1982 paper, The Role of Energy in the Productivity Slowdown. I agree with his conclusion regarding the slowdown in productivity in the U.S and elsewhere, but express my disagreement with his assertion that a sectoral approach is most essential for elaborating and testing the energy hypothesis. I also take issue with his assertions about the dismal implications for productivity growth in this decade.

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This paper takes a look at Dale Jorgenson's 1982 paper, The Role of Energy in the Productivity Slowdown. I agree with his conclusion regarding the slowdown in productivity in the U.S and elsewhere, but express my disagreement with his assertion that a sectoral approach is most essential for elaborating and testing the energy hypothesis. I also take issue with his assertions about the dismal implications for productivity growth in this decade.

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Available abstract

This paper takes a look at Dale Jorgenson's 1982 paper, The Role of Energy in the Productivity Slowdown. I agree with his conclusion regarding the slowdown in productivity in the U.S and elsewhere, but express my disagreement with his assertion that a sectoral approach is most essential for elaborating and testing the energy hypothesis. I also take issue with his assertions about the dismal implications for productivity growth in this decade.

Key concepts: Slowdown, Productivity, Economics, Natural resource economics, Environmental science, Macroeconomics, Economic growth

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