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Article
The Impact of the Second World War on U.S. Productivity Growth
Economics
  • Alexander J. Field, Santa Clara University
Document Type
Article
Publication Date
8-1-2008
Publisher
Wiley
Abstract
This paper considers the productivity impact on the US economy of the period of war mobilization and demobilization lasting from 1941 to 1948. Optimists have pointed to learning by doing in military production and spin-offs from military R & D as the basis for asserting a substantial positive effect of military conflict on potential output. Productivity data for the private non-farm economy are not consistent with this view, as they show slower total factor productivity (TFP) growth between 1941 and 1948 than before or after. The paper argues for adopting a less rosy perspective on the supply side effects of the war.
Comments

This is the peer reviewed version of the following article: Field, Alexander J. 2008. “The Impact of the Second World War on U.S. Productivity Growth.” Economic History Review 61 (August): 672-94, which has been published in final form at https://doi.org/10.1111/j.1468-0289.2007.00404.x. This article may be used for non-commercial purposes in accordance With Wiley Terms and Conditions for self-archiving.

Citation Information
Field, Alexander J. 2008. “The Impact of the Second World War on U.S. Productivity Growth.” Economic History Review 61 (August): 672-94.