The World KLEMS Initiative

2018 ◽  
pp. 662-698 ◽  
Author(s):  
Dale W. Jorgenson
Keyword(s):  
United States ◽  
Economic Growth ◽  
The United States ◽  
Intermediate Inputs ◽  
Industry Level ◽  
Level Data ◽  
The World ◽  
Industry Level Data ◽  
Purchasing Power Parities ◽  
Productivity Gap

The World KLEMS Initiative generates industry-level data on outputs, inputs, and productivity. Productivity is output per unit of all inputs. The inputs consist of the primary factors of production—capital (K) and labor (L)—and the intermediate inputs: energy (E), materials (M), and services (S). Industry-level data are indispensable for analyzing the sources of economic growth. Productivity gaps between two countries are defined in terms of differences in productivity levels. These differences are measured by linking productivity levels for each country by purchasing power parities for outputs and inputs. The large productivity gap between the United States and Japan in 1955 gradually closed until 1995. Since then, Japanese productivity has been stagnant, while US productivity has continued to grow. The widening productivity gap can be traced to a small number of sectors, mainly in trade and services.

Book Reviews

2017 ◽  
Vol 55 (4) ◽  
pp. 1627-1630
Keyword(s):  
United States ◽  
Economic Growth ◽  
Latin American ◽  
Productivity Growth ◽  
Growth And Development ◽  
The United States ◽  
Economic Research ◽  
Industry Level ◽  
The World ◽  
Level Production

Markus Poschke of McGill University reviews “The World Economy: Growth or Stagnation?” by Dale W. Jorgenson, Kyoji Fukao, and Marcel P. Timmer. The Econlit abstract of this book begins: “Fourteen papers analyze the long-term process of structural change and productivity growth across the world using World KLEMS (capital, labor, energy, materials, and purchased services) Initiative research and provide comparisons of industries and economies in order to investigate the impact of international trade and investment. Papers discuss US economic growth—a retrospect, prospect, and lessons from a prototype industry-level production account for the United States, 1947–2012; the structural causes of Japan's lost decades; productivity growth in Europe before and since the 2008–09 economic and financial crisis; Latin American KLEMS (LA–KLEMS)—economic growth and productivity in Latin America; China's strategic move for a new stage of development—a productivity perspective; productivity growth in India under different policy regimes; whether mining is fueling long-run growth in Russia—industry productivity growth trends in 1995–2012; intangibles, information and communications technology, and industry productivity growth—evidence from the European Union; whether intangibles contribute to productivity growth in East Asian countries—evidence from Japan and the Republic of Korea; a Bureau of Economic Analysis–Bureau of Labor Statistics industry-level production account for the United States—integrated sources of growth, intangible capital, and the US recovery; measuring human capital—country experiences and international initiatives; a half-century of trans-Pacific competition—price-level indices and productivity gaps for Japanese and US industries, 1955–2012; searching for convergence and its causes—an industry perspective; and the rise of global manufacturing value chains—a new perspective based on the World Input–Output Database. Jorgenson is Samuel W. Morris University Professor at Harvard University. Fukao is Professor with the Institute of Economic Research at Hitotsubashi University and Program Leader at the Research Unit for Statistical and Empirical Analysis. Timmer is Professor of Economic Growth and Development and Director of the Groningen Growth and Development Centre at the University of Groningen. ”

scholarly journals The great Chinese transformation: cynicism and the future of the world (article two)

2020 ◽  
Vol 2020 (3) ◽  
pp. 5-23
Author(s):  
Grzegorz W. Kolodko ◽  
Keyword(s):  
United States ◽  
Economic Growth ◽  
The United States ◽  
Chinese Economy ◽  
The Past ◽  
Chinese Characteristics ◽  
The World ◽  
The Future ◽  
The Right ◽  
Supranational Level

The huge leap made by the Chinese economy over the past four decades as a result of market reforms and openness to the world is causing fear in some and anxiety in others. Questions arise as to whether China’s economic success is solid and whether economic growth will be followed by political expansion. China makes extensive use of globalization and is therefore interested in continuing it. At the same time, China wants to give it new features and specific Chinese characteristics. This is met with reluctance by the current global hegemon, the United States, all the more so as there are fears that China may promote its original political and economic system, "cynicism", abroad. However, the world is still big enough to accommodate us all. Potentially, not necessarily. For this to happen, we need the right policies, which in the future must also include better coordination at the supranational level.

scholarly journals Keterkaitan Spasial di Enam Negara Asia: Analisis Input-Output Dunia

2019 ◽  
Vol 20 (1) ◽  
pp. 20-32
Author(s):  
M. Muchdie ◽  
M. Handry Imansyah ◽  
Socia Prihawantoro
Keyword(s):  
United States ◽  
Economic Growth ◽  
The United States ◽  
Input Output ◽  
Asian Countries ◽  
The World ◽  
Spatial Linkages ◽  
China And Japan

This paper presents spatial linkages on calculations of spill-over and feed-back effects of World input-output tables, which is aggregated specifically into six-Asian countries includes China, Indonesia, India, Japan, Korea, and Taiwan, plus Australia, United States, and the Rest of the World. The results showed that, firstly output multipliers in six Asian countries tend to increase during 2000–2014, indicating a consistent economic growth. Secondly, except China, output multipliers occurred in other countries tend to increase. Thirdly, in 2000, the United States and Japan were two countries receiving highest output spill-over. However, in year 2014, most of output spill-over moved to China. India and Indonesia received only small part of spill-over from other countries. Fourthly, the highest feed-back effect occurred in China and Japan. The smallest feed-back effect occurred in India and Indonesia. China had smallest spill-over effect but received the highest feed-back effect. ------------------------------------------- Artikel ini menyajikan hasil analisis keterkaitan spasial di enam negara Asia, berdasarkan perhitungan efek limpahan dan efek balik pada tabel input-output dunia, yang diagregasikan untuk enam negara Asia, yang meliputi Cina, Indonesia, India, Jepang, Korea, dan Taiwan ditambah Australia, Amerika Serikat, dan the Rest of the World. Hasil analisis memperlihatkan bahwa, pertama, pengganda output di enam negara Asia cenderung meningkat dalam waktu 2000–2014. Ini merupakan indikasi pertumbuhan ekonomi yang konsisten. Kedua, kecuali di Cina, efek limpahan juga cenderung meningkat. Ketiga, tahun 2000, negara yang paling besar menikmati limpahan adalah Amerika Serikat dan Jepang, tetapi tahun 2014, limpahan terbesar beralih ke Cina. Keempat, efek balik yang terbesar terjadi di Cina dan Jepang. Efek balik terkecil terjadi di India dan Indonesia. Cina mempunyai efek limpahan terkecil tetapi menerima efek balik terbesar. 

Bottlenecks and Countermeasures in Shale Gas Exploration and Development of China

2014 ◽  
Vol 978 ◽  
pp. 157-160
Author(s):  
Rong Huo ◽  
Kai Bo Duan
Keyword(s):  
United States ◽  
Economic Growth ◽  
Natural Gas ◽  
Shale Gas ◽  
Emerging Technologies ◽  
The United States ◽  
Gas Production ◽  
Oil Exploration ◽  
The World ◽  
Exploration And Development

With the furthering of China’s all round reform, there will be greater economic growth and more urgent demands for energy. And the achievements of shale gas exploration and development in the United States provide a lot of lessons for domestic gas and oil exploration and development [Figure. 1]. However, the introduction of the matured foreign exploration and development technologies also suffers a great challenge. This paper aims to analyzing the problems in the exploration and development in China’s typical exploration areas and the measures that have been taken. Also, it sums up the emerging technologies and methods in the world, hoping to boost the future exploration and development of shale gas in China in a certain way. Fig. 1 U.S. dry natural gas production ( drawn from EIA)

scholarly journals Comparative analysis of USA and Chinese entrepreneurship: experience for Kazakhstan

2021 ◽  
Vol 16 (2) ◽  
pp. 86-97
Author(s):  
A. M. Myrzakhmetova ◽  
A. E. Mukhametzhan
Keyword(s):  
United States ◽  
Economic Growth ◽  
Comparative Analysis ◽  
Well Being ◽  
The United States ◽  
Entrepreneurial Activity ◽  
Advantages And Disadvantages ◽  
The World ◽  
Effective Development ◽  
The Impact

Вusinesses are the backbone of the national economy and play an important role for the effective functioning of the economy of any country in the world. The authors studied the experience of the United States and China, in which small and medium-sized businesses have been successfully developing for a long time, both during periods of economic growth and during periods of economic recession.The purpose of the article is to study the features and conduct a comparative analysis of the organization of entrepreneurial activity in the United States and China, and, based on the experience of these countries, develop proposals for the effective development of entrepreneurship in Kazakhstan. The authors analyzed the dynamics and factors of the development of small and medium-sized businesses, the advantages and disadvantages of entrepreneurial activity in the United States and China, and identified the impact of the COVID-19 pandemic on entrepreneurial activity in these countries and in Kazakhstan. In the course of the study, various methods of scientific knowledge were used: data collection and processing, economic, comparative and statistical analysis, generalization, synthesis, induction, deduction. We collected and processed fresh quantitative data on the state and dynamics of the development of small and medium-sized enterprises in the United States and China in the period from 2011 to 2021.Small and medium business is an integral and important part of the economic development of all countries of the world, the experience of countries such as the United States and China can be useful and interesting for the Kazakh economy. Entrepreneurship performs a number of important socio-economic functions for the country: providing employment, creating a competitive environment, supporting and introducing innovations, reducing social inequality, attracting natural, human, material and technical resources into the production and commercial process, stimulating economic growth and improving the well-being of people.The authors, based on a study of the experience of entrepreneurial activities of two large leading countries of the world economy, have developed proposals that will contribute to the development of small and medium-sized businesses in the Republic of Kazakhstan.

Chapter II. The World Economy

1972 ◽  
Vol 61 ◽  
pp. 26-39
Keyword(s):  
United States ◽  
Economic Growth ◽  
North America ◽  
World Economy ◽  
Western Europe ◽  
The United States ◽  
Real Output ◽  
Sharp Rise ◽  
Industrial Countries ◽  
The World

Production in the industrial countries has been increasing a little faster than we suggested in May—notably in the United States, where there was a sharp rise in the rate of economic growth in the second quarter. But our forecast of the growth in the aggregate real output of the members of OECD is still in the 5-5½ per cent range for this year. We put it a little higher for 1973, when we expect a slightly slower rate of expansion in North America to be outweighed by faster growth in Japan and Western Europe.

scholarly journals Drivers of Globalization of R&D Investment by U.S. Multinational Enterprises: Evidence from Industry-Level Data

2016 ◽  
Vol 8 (2) ◽  
pp. 51 ◽  
Author(s):  
Yixiao Zhou
Keyword(s):  
Multinational Enterprises ◽  
Positive Impact ◽  
The United States ◽  
Firm Level ◽  
Theoretical Understanding ◽  
Industry Level ◽  
Country Level ◽  
Level Data ◽  
D Investment ◽  
Industry Level Data

<p>Existing country-level and firm-level studies have shed light on the mechanisms driving the globalization of R&amp;D investment by multinational enterprises. However, there is a lack of industry-level evidence on this issue, which is much needed for the robustness of the theoretical and conceptual framework developed from country- and firm-level studies. Therefore, this study examines the determinants of overseas R&amp;D investment by multinational enterprises from a single country, the United States, using an industry-level panel dataset. This study covers U.S. multinational enterprises in seven two-digit-level North American Industry Classification System (NAICS) manufacturing industries in twenty-three countries over the period 1999-2008.</p>The empirical findings suggest that technology-seeking motive, technology-adaptation motive, and access to an abundant pool of researchers exert positive impact on the R&amp;D intensity of U.S.-based multinational enterprises in a host country. The roles of investment position, institutional quality and distance are not found to be robust. These findings are largely consistent with the current theoretical understanding on R&amp;D globalization by multinational enterprises. The findings point to the need for policies that strengthen domestic R&amp;D stock, enhance human capital endowment and support a domestic market that is open to the world in order to attract overseas R&amp;D investment by multinational enterprises.

Beyond Illusions

Capitalism ◽  
2018 ◽  
pp. 176-201
Author(s):  
Fred L. Block
Keyword(s):  
United States ◽  
Economic Growth ◽  
Global Economy ◽  
World Economy ◽  
The United States ◽  
The World ◽  
Sustainable Economic Growth

This chapter elaborates the kind of reforms that would make sustainable economic growth possible both in the United States and in the world economy. It emphasizes the parallel between the crisis of the 1930s and the problems of the global economy since the 2008 crisis.

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