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Why is Growth better in the United States than in other Industrial Countries

Martin S. Feldstein

NBER Working Paper No. 23221
Issued in March 2017
NBER Program(s):Economic Fluctuations and Growth, Public Economics

Although the official statistics imply that the rate of growth of real GDP in the United States has declined in recent years, it has still been substantially higher than the real growth rates in Europe and the other industrial countries, leading to higher real per capita incomes. This paper discusses ten reasons for the higher rate of real economic growth.

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Document Object Identifier (DOI): 10.3386/w23221

Published: Martin Feldstein, 2017. "Why is growth better in the United States than in other industrial countries?," Journal of Policy Modeling, .

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