From: Simon Mohun (s.mohun@qmul.ac.uk)
Date: Wed Nov 06 2002 - 17:15:43 EST
Simon wrote >> But empirically it is wrong. Over the period 1964-2001 for the US >> economy, we have >>1964-1972: OCC greater than VCC >>1973-1991: VCC greater than OCC >>1992-2001: OCC and VCC virtually identical. >> >>To give some idea of orders of magnitude: >>In 1964 TCC = 41.06, OCC = 3.67, VCC = 3.48. >>In 2000 TCC = 66.13, OCC = 4.46 and VCC = 4.45 And Rakesh responded: >Simon, would you kindly point me to the paper where these findings are >presented? Not yet in the public domain, but I hope to finish it within a fortnight. Simon Centre for Business Management, Queen Mary, University of London, Mile End Road, London E1 4NS, UK Tel: +44-(0)20-7882-5089 (direct); +44-(0)20-7882-3167 (Dept. Office) Fax: +44-(0)20-7882-3615
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