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Two BRICs: India vs. Brazil

…capital stock growth, there is little productive GDP growth. Note: the capital stock is constructed as investment plus non-depreciated capital. The chart above illustrates the capital stock per worker (CW)…

Innumeracy

…the standard deviation of the annual growth rate and compared to anything. In a standard Solow type growth model with perfect competition and no spillovers, you can’t get something for…

EMPLOYMENT REPORT

…is ending. Moreover, growth in average hourly earnings continue to slow sharply. Consequently, average weekly earnings growth slipped to 0.36%, the smallest gain on record. However, because of tax cuts…