[lbo-talk] Israel's Roaring Economy (correct link)

[Jonathan Nitzan]

Accepting these coefficients further undermines the persistent notion that the U.S. is a "war economy."

Jonathan

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>/  Assuming we accept the Keynesian rationale, why should the multiplier
/>/ for industrial goods be higher than for services?
/
According to the U.S. Bureau of Economic Analysis, the multipliers  
for manufacturing are considerably higher than services. And within  
manufacturing, the multipliers are higher for some of the old- 
fashioned stuff than the new-fangled. E.g.:

       manufacturing                       2.43

         motor vehicles                    2.89

         textiles                          2.69

         computers                         2.62

         semiconductors                    1.97

       information                         1.75

       professional and business services  1.52

         R&D                               1.62

         computer systems design           1.57

Doug