Dale W. Jorgenson: An Intellectual Biography

Profile by John Fernald (INSEAD and Federal Reserve Bank of San Francisco):

“Dale W. Jorgenson has been a central contributor to a wide range of economic and policy issues over a long and productive career. His research is characterized by a tight integration of economic theory, appropriate data that matches the theory, and sound econometrics. His groundbreaking work on the theory and empirics of investment established the research path for the economics profession. He is a founder of modern growth accounting: Official statistics in many countries, including the United States, implement Jorgenson’s methods. Relatedly, without Jorgenson’s unflagging efforts, consistent industry KLEMS datasets for many countries—which have been widely used in recent decades for growth accounting, econometrics, and other applications—would not exist. Jorgenson is also a pioneer in econometric modeling of producer and consumer behavior and of econometrically estimated, intertemporal general equilibrium modeling for policy analysis.”

Also, see an article in the Wall Street Journal by James R. Hagerty: “Harvard Economist Dale Jorgenson Found Better Ways to Gauge Productivity. Professor, who has died at age 89, removed much of the mystery from studies of what drives economic growth”.

Posted by at 11:48 AM

Labels: Profiles of Economists


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