* Erik Reuter ([EMAIL PROTECTED]) wrote: > What causes productivity growth? Capital deepening (i.e., more > machines per worker, better equipment, etc.) and more skilled (or more > efficient) workers.
From 1947 through 2004 (the years for which I have productivity data), average annualized productivity growth was 2.5% per year during Republican presidents and 2.8% per year during Democratic presidents.* Productivity data is from: http://research.stlouisfed.org/fred2/series/OPHPBS/2/Max You can see a graph of productivity growth here: http://erikreuter.net/econ/ophpbs.png *I did not include years 1953, 1961, 1969, 1977, 1981, 1993, or 2001 in the calculation of average annualized productivity growth for obvious reasons. -- Erik Reuter http://www.erikreuter.net/ _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
