Local input and productivity growth in U.S. manufacturing: 1972-2002

George W. Hammond, Eric C. Thompson

Research output: Contribution to journalArticle

1 Scopus citations

Abstract

This research analyzes manufacturing growth and decline across metropolitan and nonmetropolitan regions during the 1972-2002 period. We decompose real value added growth across local labor market areas in the lower 48 U.S. states into contributions from labor, capital, and total factor productivity. We then estimate a model describing the long-run growth of labor, capital, and productivity and find that increased productivity increases the growth of labor and capital, as well as a positive correlation between labor and capital stock growth. We also find evidence that human capital investment and agglomeration economies encourage productivity growth, while unionization discourages it.

Original languageEnglish (US)
Pages (from-to)339-354
Number of pages16
JournalJournal of Regional Science
Volume51
Issue number2
DOIs
StatePublished - May 2011

ASJC Scopus subject areas

  • Development
  • Environmental Science (miscellaneous)

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