Areas of Economic Expertise
Business Cycles and Economic Indicators
Productivity and Technological Change
Labor Markets and Living Standards
Exchange Rates and Related Financial Issues
International Productivity Comparisons
Business Cycles and Economic Indicators
This research program supports all facets of The Conference Board economic indicators and forecasting program including the identification of long term growth trends and business cycles. Research ranges from technical projects designed to improve forecast performance to the most useful ways to use indicators in the analyses and forecasts that support business investment decision-making.
Productivity and Technological Change
This program studies productivity growth and technological change, the key sources of sustained long-term economic growth and business success. It seeks to understand how competitive dynamics and technology are related to the performance of firms and industries as well as entire economies.
An important component of this program is the construction of new global databases incorporating consistent international series on labor, capital and productivity in cooperation with the Groningen Growth and Development Centre at the University of Groningen.
Labor Markets and Living Standards
This program researches labor and living standards addressing, issues surrounding measurement, labor force participation, diversity and productivity.
Exchange Rates and Related Financial Issues
This program examines the impact of the international financial system on businesses operating in the global environment and economic progress in industrial and developing countries. Research ranges from determining the factors driving exchange rate values to analyzing the effects of exchange rate volatility on systems of currency management and multinational corporations.
International Productivity Comparisons Project (KLEMS)
This project is a collaborative effort involving economists and research organizations around the world (see project institutions). The goal of this initiative is to create a measurement framework and the data to support international comparisons of productivity and economic growth. Analysis provides productivity estimates for individual industries, and identifies the factors accounting for differences in the competitiveness of these industries across countries. The project helps decision-makers devise investment strategies and understand differences in technological performance across countries.
This initiative creates international data for the analysis of global productivity and economic growth, builds underlying infrastructure for maintaining and disseminating the data, and undertakes a broad examination of the sources of economic growth and competitiveness. The main focus of the project is implementation of the KLEMS framework presented in Jorgenson et al (1987) and recently advocated in the OECD Productivity Manual (2000). Funding proposals have been submitted to the European Union (EU) and the US National Science Foundation (NSF). Many complementary projects already have funding, and a recent study by Timmer (2000) concludes that the project is feasible.