. . . the rapid decrease of the unemployment rate in Spain -- which has now fallen below 10% -- is also hard to trace back to either shocks or dramatic changes in institutions. Yet another puzzle is the coincidence of very low productivity growth -- zero measured tfp [total factor productivity] growth in Spain over the last 15 years -- and decreasing unemployment.
I hope he did not research his paper as much as he researched Spain... SNARK SNARK
A pleasure I therefore claim to show, not how men think in myths, but how myths operate in men's minds without their being aware of the fact. Levi-Strauss, Claude
