1. Why Growth Is Getting Harder
- Author:
- Brink Lindsey
- Publication Date:
- 10-2013
- Content Type:
- Working Paper
- Institution:
- The Cato Institute
- Abstract:
- For over a century, the trend line for the long-term growth of the U.S. economy has held remarkably steady. Notwithstanding huge changes over time in economic, social, and political conditions, growth in real gross domestic product (GDP) per capita has fluctuated fairly closely around an average annual rate of approximately 2 percent. Looking ahead, however, there are strong reasons for doubting that this historic norm can be maintained.
- Topic:
- Economics, Globalization, International Trade and Finance, Markets, Financial Crisis, and Governance
- Political Geography:
- United States