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October 1, 2001
The new economy - trigger of a productivity miracle in the USA, or the product of a strictly statistical problem that might at least partly strengthen doubts about this controversial phenomenon? There is also another question that is of key significance when trying to make a proper assessment of productivity growth in the USA in order to size up longer-term earnings prospects - even though forecasting economic growth is anything but easy at present. Does the relationship between changes in unemployment and wage increases continue to exist in the new economy? [more]