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New Economy Growth Decomposition in the U.S. AgEcon
Adelaja, Adesoji O.; Hailu, Yohannes G.; Abdulla, Majd.
The drivers of economic growth in what is called the New Economy has become an important policy question. As communities across the country face economic challenges and a new economic reality, the question of what works in the New Economy has emerged. This study aims to provide growth decomposition in the New Economy to identify key drivers of growth. It provides a conceptual, theoretical and empirical discussion of growth in the New Economy to solidify the theory and empirics of New Economy growth decomposition. Results suggest that growth in population, income and employment are mostly synergistic; innovation and talent are potent in the New Economy; population dynamics, especially in the young and retiree segment of the population are tied to local...
Tipo: Conference Paper or Presentation Palavras-chave: New Economy; Growth decomposition; Economic policy; Talent; Innovation; Creative class; Green infrastructure; Synergistic growth; Public Economics.
Ano: 2009 URL: http://purl.umn.edu/49579
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