----- Original Message ----- From: "Chad Cooper" <[EMAIL PROTECTED]> To: "'Killer Bs Discussion'" <[EMAIL PROTECTED]> Sent: Thursday, June 26, 2003 1:36 PM Subject: RE: Comparision of ecconomic growth
> > > > >Now, this is not a certainty; all curves are not regular and > >extremely well > >behaved. Thus, it would make sense to look at the local slope; which I > >proposed to do by comparing the ecconomic performance under > >Democratic and > >Republican administrations. I'd be more than willing to consider data > >after, say 1948, accepting the 20-47 data as belonging to a different > >era.** > > Interesting information. My first question is whether or not you are making > an assumption that the D and R administrations make direct real-time effects > to the economy while in power. My opinion is that there will be a lag, > similar to the lag understood in the effect of adjusting the prime interest > rate to the rate of growth. IIRC, Erik did a two year lag study, and found similar results. Obviously, if you lag enough, the effect has to go away. :-) One interesting facit of ecconmic growth is that, while Federal taxes as a % of GDP has remained constant, the source of the tax revenue has shifted to lower income taxpayers and away from businesses. This has been matched with slower growth, and a tremendous disparity in the growth of the income quintiles. Dan M. Dan M. _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
