tag:blogger.com,1999:blog-2098432983500045934.post2948361586873747239..comments2024-03-12T22:19:32.339-04:00Comments on The New Arthurian Economics: Low Debt Service plus Growing Debt equals ProductivityThe Arthurianhttp://www.blogger.com/profile/16501331051089400601noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2098432983500045934.post-22102542386332656662017-07-24T18:39:41.487-04:002017-07-24T18:39:41.487-04:00At voxeu.org: Economic models vs ‘techno-optimism’...At voxeu.org: <a href="http://voxeu.org/article/slow-productivity-growth-may-not-be-new-normal-us" rel="nofollow">Economic models vs ‘techno-optimism’: Predicting medium-term total factor productivity rates in the US</a>.<br /><br />Their conclusion: <b>Overall, it is uncertain how long slow TFP growth will persist in the US. It does, however, seem clear that econometric estimates of trend TFP growth extracted from recent past performance should not be given much weight in projections of average TFP growth rates over the next 10 years.</b><br /><br />There is room, they remind us, for productivity improvement.<br />The Arthurianhttps://www.blogger.com/profile/16501331051089400601noreply@blogger.comtag:blogger.com,1999:blog-2098432983500045934.post-70275834382240037272016-08-18T16:46:19.394-04:002016-08-18T16:46:19.394-04:00Better make that Saturday for the dates and graphs...Better make that Saturday for the dates and graphs for productivity improvement.<br />The Arthurianhttps://www.blogger.com/profile/16501331051089400601noreply@blogger.comtag:blogger.com,1999:blog-2098432983500045934.post-38224833429962590292016-08-18T06:08:09.783-04:002016-08-18T06:08:09.783-04:00PS
Low debt service and growing debt means the eco...PS<br />Low debt service and growing debt means the economy is growing.<br />If we get improved productivity from that, it's probably Verdoorn's law.<br />But I don't know. (I just look at graphs.)<br />The Arthurianhttps://www.blogger.com/profile/16501331051089400601noreply@blogger.comtag:blogger.com,1999:blog-2098432983500045934.post-78992897967449738172016-08-18T06:01:56.812-04:002016-08-18T06:01:56.812-04:00Kind of a wuss conclusion there: "Productivit...Kind of a wuss conclusion there: "Productivity is going to pick up soon."<br /><br />That's okay, come back tomorrow: I go from wuss to wacky. I'll give you dates and graphs for productivity improvement.<br />The Arthurianhttps://www.blogger.com/profile/16501331051089400601noreply@blogger.com