>I'd like to say that while I can't follow every twist and turn in the >argument about Europe and the periphery, I am appreciating this thread >(when it stays on track). > >But a question. For a different topic I am citing estimates of long-run >industrial output by Bairoch, as well as those by Angus Madison (OECD, >1995). Since some of you probably know this area well, any comments on how >good these estimates are, especially Bairoch's industrial output in >physical terms? > >Bill Burgess Lousy, lousy, lousy, lousy. Really lousy. Half-educated guesses... But the best we have, and the best we are likely to get. Brad DeLong
