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It tends to coincide with weak productivity growth. Because most states do not voluntarily pursue such policies.

I've not seen any good statistical evidence that the policy leads the drop in productivity growth, rather than vice versa.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Sun Mar 17th, 2013 at 11:37:44 AM EST
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