A Competitiveness Strategy for America
A Competitiveness Strategy for America

Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs

Publisher:

Published: 1993

Total Pages: 96

ISBN-13:

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This document records the oral testimony and written statements of 13 U.S. Senators and Representatives, government officials, a corporate chairman, and a union president on the problem of economic stagnation in the United States and the formulation of a strategy to promote greater world competitiveness. Some witnesses focused on the need for better education and job training for the 20 percent of people considered illiterate in the United States, whereas most witnesses focused on the lack of family-supporting jobs. The witnesses said that millions of middle-wage jobs have disappeared, leaving only a few highly skilled, highly paid jobs and many part-time, low-wage jobs without benefits. Witnesses proposed creating strategies to encourage investment in manufacturing jobs in the United States, such as investment credits and elimination of barriers to exporting goods. Some witnesses opposed additional taxes to pay for improvements; others supported them for humanitarian purposes. Some were totally proponents of the free market, but others said that the free market had not created jobs for the past 20 years and that some sort of government stimulus was needed. A long-term investment, such as improvements in the infrastructure, was more favored than shorter-term approaches. (KC)

C. Fred Bergsten and the World Economy
C. Fred Bergsten and the World Economy

Author: Michael Mussa

Publisher: Peterson Institute

Published: 2006

Total Pages: 415

ISBN-13: 0881323977

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This engaging and informative book covers the range of issues on which C. Fred Bergsten and the Peterson Institute have distinguished themselves over the last 25 years, including trade liberalization, exchange rate regimes, international financial architecture, debt, economic sanctions and the impact of technology and globalization. Most of the Institute's senior research staff have contributed chapters, which are both retrospective and prescriptive.

The Impacts of Research and Development Expenditures
The Impacts of Research and Development Expenditures

Author: John J. Wetter

Publisher: Springer Science & Business Media

Published: 2010-11-03

Total Pages: 128

ISBN-13: 1441975306

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The research underlying this volume was designed to test the theory of Total Factor Productivity (TFP) in contemporary context. Developed by Nobel Prize-winning economist, Robert Solow, in the 1950s, TFP has been applied by many economists to investigate the relationships among capital, labor, and economic performance. In this analysis, John Wetter presents the hypothesis that technological investment drives growth and performance of the U.S. economy. The study addresses four key questions: 1. Is there a relationship between Total Factor Productivity and Gross National Product? 2. Is there a relationship between Total Factor Productivity and Research & Development expenditures? 3. Is there a relationship between Research & Development expenditures and Gross Domestic Product? 4. Can the relationship in research question #1 be explained by other factors? Is there any potential non-spuriousness (mediation) implication to the relationship? Synthesizing the literature from related fields, including macroeconomics, technology transfer, and innovation, and applying rigorous methodology, Wetter demonstrates that Total Factor Productivity is positively related to Gross Domestic Product and is mediated by Research & Development. In addition, he reveals that the lag time between R&D spending and GDP growth averages eleven years, which suggests that long-term planning is essential to maximizing the benefits of R&D. Wetter considers the implications for policymaking and industry leadership, including such timely issues as the effects of the 2009 U.S. stimulus program.

Western Hemisphere Economic Integration
Western Hemisphere Economic Integration

Author: Gary Clyde Hufbauer

Publisher: Peterson Institute

Published: 1994

Total Pages: 308

ISBN-13: 9780881321593

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"Thorough analysis of processes and consequences of proposals for extending NAFTA throughout the Western Hemisphere ; seeks to assess both economic and political consequences of several avenues that might be followed, including impact on the global trading system"--Handbook of Latin American Studies, v. 57. http://www.loc.gov/hlas.