2001-01-12 Statement by Baily on 2001 ERP

[Seth Ackerman]

According to the Wall Street Journal, this statement is supposed to be based
on a forthcoming paper by Robert Z. Laurence that uses new data to argue,
contra Robert Gordon, that productivity improvements have been seen in
industries that use info tech -- not just those that manufacture it.

Do you know anything about this, Doug?

Seth


> ----------
> From: 	Doug Henwood[SMTP:dhenwood at panix.com]
> Reply To: 	lbo-talk at lists.panix.com
> Sent: 	Friday, January 12, 2001 3:56 PM
> To: 	lbo-talk
> Subject: 	Fwd: 2001-01-12 Statement by Baily on 2001 ERP
> 
>                        STATEMENT BY MARTIN N. BAILY
>                   CHAIRMAN, COUNCIL OF ECONOMIC ADVISERS
> 
>       Over the last eight years, the U.S. economy has enjoyed the
> emergence of a "New Economy," during which the country achieved a
> remarkable record of broad and inclusive growth that has provided some
> of the largest gains to those at the bottom of the income distribution.
> The 2001 Economic Report of the President (ERP), which will be released
> January 12, analyzes the emergence of a New Economy and examines the
> driving forces that created this dynamic economy: technology, changed
> business practices, and wise economic policies.
> 
>