NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Is U.S. Economic Growth Over? Faltering Innovation Confronts the Six Headwinds

Robert J. Gordon

NBER Working Paper No. 18315
Issued in August 2012

---- Acknowledgements -----

This research has been supported by the Kauffman Foundation. Many facts and relationships highlighted here are based on my book in progress, Beyond the Rainbow: The American Standard of Living Since the Civil War, under contract to the Princeton University Press. To limit the scope of this short paper, only a limited number of historical references and citations are included here. All others are provided in the book manuscript. I am grateful to Marius Malkevicius and Andrew Sabene for their indispensable research assistance, and to David Warsh for helpful comments. This paper originates in a presentation that has been given to numerous audiences over the past year, and I am grateful to members of those audiences for asking provocative questions and making helpful suggestions in the Q&A sessions. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.

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