----- Original Message ----- From: "Erik Reuter" <[EMAIL PROTECTED]> To: "Killer Bs Discussion" <[EMAIL PROTECTED]> Sent: Friday, June 27, 2003 8:12 AM Subject: Re: Comparision of ecconomic growth
> On Thu, Jun 26, 2003 at 03:30:33PM -0500, Dan Minette wrote: > > > http://econ161.berkeley.edu/movable_type/archives/000949.html > > > > we find recent quotes from the IMF showing that the US now leads > > Europe in productivity per hour > > Huh? I read it that in 2001, Germany, France, and Italy all beat the > US in productivity, as measured by GDP per worker-hour. The US was > normalized to 100, and Germany, France, and Italy were 106, 115, and > 117. I was reading a different table and the text. I think I misread the slope as the total productivity. Its interesting that Brad's paper has the US staying in front of those countries in productivity. France is at 98% of the US productivity in '98. Since the trend since then has been superior US productivity, we see the difference there. Another, more important difference relating to per capita GDP is the hours worked by Americans. Here's the '98 data for that: France 580 Germany 670 Italy 637 United Kingdom 682 12 West Europe 657 Ireland 672 Spain 648 United States 791 Dan M. _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
