Productivity Growth and the Competitiveness of the American Economy
swollen with deutschemarks and yen newly created to purchase unwanted dollars from the markets. When the Bundesbank and the Bank of Japan began to raise their interest rates to slow domestic monetary expansion, the fabric of international monetary coopera
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Studies in Productivity Analysis
Editor: Ali Dogramaci Graduate School of Management Rutgers University Newark, New Jersey, U.S.A.
Previously published books in the series: 1. Dogramaci, A. and Adam, N.: Productivity Analysis at the Organizational Level 2. Dogramaci, A. and Adam, N.: Aggregrate and Industry-Level Productivity Analysis 3. Dogramaci, A.: Productivity Analysis; A Range of Perspectives 4. Dogramaci, A.: Developments in Econometric Analyses of Productivity: Measurement and Modelling Issues 5. Sudit, E.: Productivity Based Management 6. Fare, R., Grosskopf, S., and Lovell, C.: The Measurement of Efficiency of Production 7. Dogramaci, A.: Managerial Issues in Productivity Analysis 8. Dogramaci, A.: Measurement Issues and Behavior of Productivity Variables 9. Dogramaci, A., and Fare, R.: Applications of Modern Production Theory: Efficiency and Productivity
Productivity Growth and the Competitiveness of the American Economy
A Carolina Public Policy Conference Volume
edited by Stanley W. Black
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Kluwer Academic Publishers Boston Dordrecht London
Distributors lor North America: Kluwer Academic Publishers 101 Philip Drive Assinippi Park Norwell, Massachusetts 02061 USA Distributors lor all other countries: Kluwer Academic Publishers Group Distribution Centre Post Ollice Box 322 3300 AH Dordrecht, THE NETHERLANDS
Library 01 Congress Cataloglng-In-Publlcatlon Data Productivity growth and the competitiveness of the American economy: a Carolina public policy conference volume / edited by Stanley W. Black. p. cm.-(Studies in productivity analysis) ISBN-13: 978-94-010-7625-8 DOl: 10.1007/978-94-009-2494-9
e-ISBN-13: 978-94-009-2494-9
1. Industrial productivity-United States-Congresses. 2. Competition, International-Congresses. I. Black, Stanley W. II. Series. HC110.l52P754 1989 338.973-dc19 88-34259 CIP
Copyright © 1989 by Kluwer Academic Publishers Soltcoverreprint of the hardcover 1st edition 1989 All rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher, Kluwer Academic Publishers, 101 Philip Drive, Assinippi Park, Norwell, Massachusetts 02061.
Contents About the Authors Acknowledgements
ix
1
Economic Background and Introduction to the Papers Stanley W. Black
1
2
The U.S. Basic Industries in the 1980s: Can Fiscal Policies Explain Their Changing Competitive Position? Barry Eichengreen and Lawrence H. Goulder
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Comment: Robert E. Baldwin
71
Policy Implications of the Slowdown in U.S. Productivity Growth John W. Kendrick
75
Comment: CA. Knox Lovell
111
The Tax Reform Act of 1986 and Economic Growth Patrie H. Hendershott
121
Comment: Emil J. Sunley
151
A Businessman's Perspective on Competitiveness Paul J. Rizzo
155
3
4
5
About the Authors
Robert E. Baldwin is Hilldale Professor of Economics at the University of Wisconsin-Madison. He has written several books and numerous theoretical, emp
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