Page 6 - Factor Productivity News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Before that. it didn t begin in 07. at the very least it began earlier than [ inaudible ] when the credit bubble inflated and bust become inevitable. some economists believe it began even earlier than that. they say it began in the 70s. it began when we stopped innovating as much. advanced economies don t tend to grow because they discover a new land or new people or resources. they grow because they discover new ideas. this is a piece of the puzzle that s the hardest to talk about because it s the most indistinct. easy to talk about credit or dough mand or dollar easy to talk about innovations that have happened like antibiotics, automobiles and the internet. it s hard to talk about the ideas that no one has thought of yet. but oddly enough it s something we can measure and the way we measure their contribution to the economy is by subtraction. economists call this factor productivity or tfp. first growth leftover after you ....

Credit Bubble , It Didnt Begin In , Factor Productivity , Growth Leftover ,