From: michael perelman (michael@ECST.CSUCHICO.EDU)
Date: Fri Dec 24 2004 - 12:04:32 EST
Jerry, I would also like to see the statistics, but the government does nothing to survey replacement investment; only gross investment. Gerald_A_Levy@MSN.COM wrote: >So ... replacement investment increases during the expansion. > >What I want to see is the following: statistics on replacement investment >over a long period of time, for as many countries as possible, in which one >can compare the rates that occur during contractionary periods to the rates >that occur during expansionary periods. Until I see that, I am skeptical >about any claims re the empirical record on this subject. > > > Michael
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