>What are the equivalent numbers for U.S. IT equipment investment growth
>since 1991? I'm dying to know!
The BEA publishes a spreadsheet on computer spending in the NIPAs, along with every GDP. The latest is at <http://www.bea.doc.gov/bea/dn/comp-gdp.exe>. Between the first quarter of 1990 and the second quarter of 2000, nominal private investment in computers was up 195% - and 2084% in real terms.
195 2084
>Also, why does Grant say these figures can't
>be used to estimate how fast the German's measured GDP growth would be using
>hedonic pricing?
You'd have to know all kinds of details about the mix of German IT spending. Buba shoulda done that for us. Their August monthly report isn't on their website in English yet; it's in German at <http://www.bundesbank.de/de/monatsbericht/bericht08/00/inhalt.htm>.
Doug