1. Industrial Origins of the US productivity revival 1995-2005
Dale Jorgenson, Mun Ho,
Kevin Stiroh, Jon Samuels
2008 World Congress on National Accounts and Economic Performance Measures, Washington DC.
May 13, 2008

2. Topics 3 ways of constructing aggregate GDP from industry accounts
the role of IT-producing, IT-using and non-IT industries in U.S. productivity growth vs
the contribution of labor input in the productivity revival
Information Technology and the American Growth Resurgence
Jorgenson, Ho and Stiroh (2005)
Industry Origins of the American Productivity Resurgence,
Jorgenson, Ho, Samuels and Stiroh (2007), Economic Systems Research

3. Industry gross output production function:
Value added of industry j:
j=1,…85 using the SIC

4. 3 ways of describing aggregate GDP
aggregate production function
GDP = V1 + … + Vn = f(K,L,Tagg)
-aggregate ppf
GDP = Vppf(V1, … ,Vn) = f(K,L,Tppf)
-Domar-aggregation over industries
GDP = Vppf(V1,V2,…,Vn)
= f(K1,…Kn,L1,…Ln,T1,…Tn)

5. Aggregate GDP from Production Possibility Frontier;
translog index of industry value added:
Focus on 3 industry groups:

6. Classification of industries

8. Comparing aggregate production function
GDP = V1 + … + Vn = f(K,L,Tagg)
aggregate ppf
GDP = Vppf(V1, … ,Vn) = f(K,L,Tppf)

10. Domar aggregation over industries.
Aggregate TFP growth is the sum of industry TFP
growth and reallocation of capital and labor.

15. Sources of Growth
GDP = Vppf(V1, … ,Vn) = f(K,L,Tppf)
GDP = f(KIT, KnonIT, LCollege, LnonCol,Tppf)

20. December 23, 2000 issue

23. Growth accounting with NAICS
Next step:
Growth accounting with NAICS