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To: Skeeter Bug who wrote (129332)7/30/2001 11:08:15 AM
From: H James Morris  Read Replies (2) | Respond to of 164684
 
SB, not all .coms are bombs. Check out GOTO.
Unfortunately for me I have no position in GOTO, but one of the short-sellers thread I go to is pissed off with GOTO because its made one hell of a run.
>Paid placement within search engines is one of the emerging bright spots in the otherwise gloomy online advertising and marketing arena, Jupiter Media Metrix said in a report to be released today
latimes.com
siliconinvestor.com



To: Skeeter Bug who wrote (129332)7/30/2001 5:07:23 PM
From: GST  Read Replies (1) | Respond to of 164684
 
SB -- you wrote <that means more workers create fewer dollars even though they ship more product. this reduces gdp, all else being equal, and, since productivity is based on gdp, it also means productivity would fall, all else being equal. yes, you can double and triple output and reduce gdp and economic productivity. the dram companies do it all the time.>

Productivity is an efficiency measure of the process of making things -- the ratio of inputs to outputs. It has nothing whatsoever to do with "causing" changes in levels of output, as it only deals with the efficiency level of producing a "given" level of output. It is true that an increase in productivity does create a capacity for GDP growth by freeing up resources that can be deployed in new ways, but it does not mean that freed-up resources will be deployed, leading to GDP growth. There is simply no direct causal relationship between productivity improvement and GDP growth. If a central bank is trying to estimate the maximum potential non-inflationary growth rate of the economy, the smart thing to do is to measure productivity growth and assume that this measure indicates how fast GDP can grow. But that is the only relationship - productivity growth signals the availability of growth potential -- it tells you the theoretical economic speed limit if you like.