Should-Read: Richard Peach and Charles Steindel: Low Productivity Growth: The Capital Formation Link: “Capital intensity… reflect[s] the effect of current and past physical investment on the growth of labor productivity… http://libertystreeteconomics.newyorkfed.org/2017/06/low-productivity-growth-the-capital-formation-link.html …The 0.5 percent growth contribution for “capital intensity” estimated for the period from 2007 through 2016 is less than half that seen in the … Continue reading Should-Read: Richard Peach and Charles Steindel: Low Productivity Growth: The Capital Formation Link