Excellent point, but some of that productivity takes the form of a measurement error, if you count the decline in service in the big box stores.
On Tue, Dec 06, 2005 at 12:32:26PM -0500, Doug Henwood wrote: > > Nordhaus & Gordon estimate that between a quarter and a third of the > acceleration in US productivity in the late 1990s came from > retailing, meaning, essentially, Wal-Mart, and all that acceleration > came from new stores putting old ones out of business. There was no > acceleration at existing establishments. > > Doug -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu
