The Incentive Reward Complex and the Slowest U.S. Post-WW II Recovery on Record

• Autorzy: William Beranek , David R. Kamerschen
• Języki publikacji: EN

Abstrakty

EN

Government policymakers (both Fed and U.S. Treasury) remain puzzled over the lack of vigor in the post-Great Recession recovery of 2010 to 2017, blaming it in part on a slowdown in productivity growth and the retirement of workers. But an equally plausible explanation lies in their failure to recognize the importance of the Incentive Reward Complex in providing an improved springboard for economic growth. Support for this hypothesis lies in the Fed's data base, along with evidence that fails to support stimulus policies of both the U.S. Treasury and the Fed. Rather than more of these types of government interventions, we may need fewer of them along with more of the culture of incentives and rewards. (original abstract)

Słowa kluczowe

EN

Investment goods; Investment; Indirect investments; Investment incentives; Economic growth; Productivity

PL

Dobra inwestycyjne; Inwestycje; Inwestycje pośrednie; Ulgi inwestycyjne; Wzrost gospodarczy; Produktywność

• Czasopismo: Economics and Business Review
• Rocznik: 2017
• Tom: 3 (17)
• Numer: nr 2
• Strony: 3--11

Twórcy

autor

William Beranek

• University of Georgia, Athens

autor

David R. Kamerschen

• University of Georgia, Athens

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Identyfikatory

DOI

10.18559/ebr.2017.2.1