Río Iglesias, Fernando delLores Insua, Francisco Xavier2025-03-192025-03-192021del Río, F., & Lores, F. X. (2021). Accounting for US economic growth 1954–2017. Economic Modelling, 101, 105529. https://doi.org/10.1016/J.ECONMOD.2021.1055290264-9993https://hdl.handle.net/10347/40368We perform a growth accounting exercise using the whole neoclassical growth model for the u.s. economy during 1954–2017. Our growth accounting exercise reveals that the u.s. extraordinary economic growth in the 1960s has been mainly driven by the increase of the labor efficiency, whereas the growth slowdowns in the 1970s and the first decade of 21st century were mainly driven by the decline in the capital efficiency. However, the reduction of the distortions on the labor supply driven the subsequent recoveries in the 1980s and after the Great Recession.eng© 2021 The Author(s). Published by Elsevier B.V. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/ by-nc-nd/4.0/).Attribution-NonCommercial-NoDerivatives 4.0 Internationalhttp://creativecommons.org/licenses/by-nc-nd/4.0/Growth accountingCapital-efficiency wedgeLabor-efficiency wedgeLabor wedgeInvestment wedgeResource constraint wedgeProductivityLabor shareHours workedjournal article10.1016/J.ECONMOD.2021.1055291873-6122open access