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Technology & Economics: Papers Commemorating Ralph Landau's Service to the National Academy of Engineering
position in the world may slip before too many years into a second-class role, and that growth in living standards will be inadequate to address the many social problems and inequities that exist today. The proper remedy, as pointed out in this paper, is becoming quite clear, but it will require patience, determination, and leadership, a change in fundamental perceptions of national priorities, and abandonment of obsolete economic theories and perspectives.
In this article, the use of "we" implies references not only to my work, but to other work (or experience) done (or had) at Stanford and Harvard universities. I am particularly indebted to the directors of the programs on technology and growth, Nathan Rosenberg and Lawrence Lau (Stanford) and Dale Jorgenson (Harvard), with whom I serve as codirector of both programs. Thanks are also due to Paul Romer of Chicago and Timothy Bresnahan, Steven Durlauf and John Shoven of Stanford. However all errors are my sole responsibility.
As a consequence of the current account deficit; in addition, central bank transactions may have resulted in perhaps another $50 billion inflow.
See Denison (1957, 1962, 1967, 1972, 1979, 1985).
See Griliches (1979, 1988), Griliches and Jorgenson (1967, 1972a, 1972b).
See Jorgenson, Gollop, and Fraumeni (1987); Jorgenson, Kuroda, and Nishimizu (1986); and Jorgenson (1988).
See Kendrick (1961, 1973, 1976, 1983) and Kendrick and Grossman (1980).
Aaron, H., B. Bosworth, and G. Burtless. 1988. Can America Afford to Grow Old? Washington D.C.: The Brookings Institution.
Abramovitz, M. 1956. American Economic Review 46(May):5-23.
Arrow, K. 1962. The economic implications of learning by doing. Review of Economic Studies 29(June):155-173.
Baumol, W. J., S. A. Baley Blackman, and E. N. Wolff. 1989. Productivity and American Leadership: The Long View. Cambridge, Mass.: MIT Press.
Bernstein, J. I., and M. I. Nadiri. 1988. Interindustry spillovers, rates of return, and production in high tech industries. American Economic Review (May): 429-434.
Boskin, Michael J. 1986. Macroeconomics, technology, and economic growth: An introduction to some important issues. Pp. 33-56 in The Positive Sum Strategy: Harnessing Technology for Economic Growth, R. Landau and N. Rosenberg, eds. Washington, D.C.: National Academy Press.
Boskin, M. J. 1988. Tax policy and economic growth: Lessons from the 1980s, Journal of Economic Perspectives 2(4)(Fall):87
Boskin, M., and L. Lau. 1989. Capital Formation and Productivity Growth: An International Comparison. Paper presented at Conference on Economic Growth and the Commercialization of New Technologies, Center for Economic Policy Research, Stanford University, September.
Boskin, M. J., and L. J. Lau. 1990. Post-War Economic Growth in the Group-of-Five Countries: A New Analysis. Working paper. Department of Economics, Stanford University, July.