On Jun 13, 2006, at 7:11 PM, Jim Devine wrote:
But, as Dean Baker points out, measured depreciation has sped up a lot.
I'd thought so too, then I looked it up. Not much change since the late 70s/early 80s.
Consumption of fixed capital, % of GDP, private U.S. business averages per expansion (based on NIPA table 1.7.5) 45Q4–48Q4 5.6% 49Q4–53Q2 6.1% 54Q2–57Q3 6.3% 58Q2–60Q2 6.5% 61Q1–69Q4 6.0% 70Q4–73Q4 6.5% 75Q1–80Q1 7.8% 80Q3–81Q3 8.6% 82Q4–90Q3 8.3% 91Q1–01Q1 8.2% 01Q4– 8.4% Doug
