The End of the Three Percent Rule: How Structural Changes in the U.S. Economy have Impacted Economic Growth

The End of the Three Percent Rule: How Structural Changes in the U.S. Economy have Impacted Economic Growth

Using data from government sources (FRED, BEA, BLS), the thesis explores the underlying reasons for declining U.S. economic growth. A long standing trend of annual 3% growth no longer seems to hold true for the economy. The paper summarizes current theory as to why the growth has slowed and finds ne...

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Bibliographic Details
Main Author: Urman, Maxwell J
Format: Others
Published: Scholarship @ Claremont 2017
Subjects:
Real GDP Growth Rates
Historical Trends
Structural Employment
Economic History
Macroeconomics
Political Economy
Online Access:http://scholarship.claremont.edu/cmc_theses/1508
http://scholarship.claremont.edu/cgi/viewcontent.cgi?article=2531&context=cmc_theses
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spelling ndltd-CLAREMONT-oai-scholarship.claremont.edu-cmc_theses-25312017-01-11T03:30:38Z The End of the Three Percent Rule: How Structural Changes in the U.S. Economy have Impacted Economic Growth Urman, Maxwell J Using data from government sources (FRED, BEA, BLS), the thesis explores the underlying reasons for declining U.S. economic growth. A long standing trend of annual 3% growth no longer seems to hold true for the economy. The paper summarizes current theory as to why the growth has slowed and finds new explanations by analyzing the various major industries which make up GDP. The results show that sectoral shifts in employment from high paying industries to low paying industries help to explain a significant portion of the decline in national growth rates. The decline in growth is primarily driven by about ten poor performing states. 2017-01-01T08:00:00Z text application/pdf http://scholarship.claremont.edu/cmc_theses/1508 http://scholarship.claremont.edu/cgi/viewcontent.cgi?article=2531&context=cmc_theses © 2016 Maxwell J Urman default CMC Senior Theses Scholarship @ Claremont Real GDP Growth Rates Historical Trends Structural Employment Economic History Macroeconomics Political Economy
collection NDLTD
format Others
sources NDLTD
topic Real GDP Growth Rates
Historical Trends
Structural Employment
Economic History
Macroeconomics
Political Economy
spellingShingle Real GDP Growth Rates
Historical Trends
Structural Employment
Economic History
Macroeconomics
Political Economy
Urman, Maxwell J
The End of the Three Percent Rule: How Structural Changes in the U.S. Economy have Impacted Economic Growth
description Using data from government sources (FRED, BEA, BLS), the thesis explores the underlying reasons for declining U.S. economic growth. A long standing trend of annual 3% growth no longer seems to hold true for the economy. The paper summarizes current theory as to why the growth has slowed and finds new explanations by analyzing the various major industries which make up GDP. The results show that sectoral shifts in employment from high paying industries to low paying industries help to explain a significant portion of the decline in national growth rates. The decline in growth is primarily driven by about ten poor performing states.
author Urman, Maxwell J
author_facet Urman, Maxwell J
author_sort Urman, Maxwell J
title The End of the Three Percent Rule: How Structural Changes in the U.S. Economy have Impacted Economic Growth
title_short The End of the Three Percent Rule: How Structural Changes in the U.S. Economy have Impacted Economic Growth
title_full The End of the Three Percent Rule: How Structural Changes in the U.S. Economy have Impacted Economic Growth
title_fullStr The End of the Three Percent Rule: How Structural Changes in the U.S. Economy have Impacted Economic Growth
title_full_unstemmed The End of the Three Percent Rule: How Structural Changes in the U.S. Economy have Impacted Economic Growth
title_sort end of the three percent rule: how structural changes in the u.s. economy have impacted economic growth
publisher Scholarship @ Claremont
publishDate 2017
url http://scholarship.claremont.edu/cmc_theses/1508
http://scholarship.claremont.edu/cgi/viewcontent.cgi?article=2531&context=cmc_theses
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AT urmanmaxwellj endofthethreepercentrulehowstructuralchangesintheuseconomyhaveimpactedeconomicgrowth
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