Abstract
In this paper the author will establish the hypothesis that the fluctuation of GDP depends on labor mobility. The author bases this on the fact that economic research pointed out that the US had the highest labor mobility among 7 advanced nations when the US achieved the highest labor productivity growth rate. A nation with lesser labor mobility had a lower GDP. The purpose of this paper is to explain how true the hypothesis is from a single nation's perspective using the US economy as a case study.
Disciplines
Economics
Recommended Citation
Kim, Paul, "A New Economic Growth Theory #2: How to Overcome an Obstacle to Economic Growth" (2016). Economics Papers and Presentations. 11.
https://scholarspace.jccc.edu/econpapers/11