A year ago, I wrote: “It’s official: Minnesota is now a below-average GDP per capita state.” Then the Bureau of Economic Analysis (BEA) went and revised their data — which…
Last week, I asked why Minnesota’s per capita income growth has lagged that of the United States since 2014. Using a technique called “growth accounting,” which breaks down the growth…
Back in November, I noted that since 2014, Gross Domestic Product (GDP) per capita growth in Minnesota has ranked 38th out of 50 states. Indeed, as Figure 1 shows, Minnesota’s…
Back in October, I wrote about Minnesota’s relatively poor performance on Gross Domestic Product (GDP) per capita growth in the last decade. To investigate this, I wanted to do what economists call…
Back in October, I wrote about Minnesota’s relatively poor performance on GDP per capita growth in the last decade: Data from the Bureau of Economic Analysis (BEA) show that in nine of…
Yesterday, I looked at why Gross Domestic Product (GDP) per capita growth in Minnesota has ranked 38th out of 50 states since 2014. Using the framework and data from our…
Last week, I noted that “[i]n every single year since 2014, Minnesota’s economy has grown more slowly, in real terms, than that of the United States. What accounts for this?…
Yesterday, I wrote about Minnesota’s performance on the raw labor components of human capital; the number of people employed and the average number of hours each of them works annually.…
Yesterday, I wrote that “Per capita economic growth comes from three sources,” one of which is “Growth in human capital, the quantity and quality of the labor provided.” I also…
The recent film “A Precarious State” has drawn a number of responses, a recurring theme of which is that Minnesota’s problem is its slow growing economy resulting from its slow…
In our report “The State of Minnesota’s Economy: 2020: A focus on economic growth,” we wrote that: Per capita economic growth comes from three sources: an increase in the amount…
Yesterday, Gov. Tim Walz surprised many by announcing that he will run for an unprecedented third term in office. No doubt he believes that he will be better placed for…
In American Experiment’s 2021 report, “The State of Minnesota’s Economy: 2020 — A focus on economic growth,” we wrote: "What matters for economic welfare is per capita income. This is…
A couple of weeks ago, I wrote about how the growth rate of per capita Gross Domestic Product (GDP) can be broken down into the shares that come from growth…
In American Experiment’s 2021 report, “The State of Minnesota’s Economy: 2020 — A focus on economic growth,” we wrote: What matters for economic welfare is per capita income. This is…
Last week, I wrote about how the growth rate of per capita Gross Domestic Product (GDP) can be broken down into the share that comes from growth in human capital,…
In American Experiment’s 2021 report “The State of Minnesota’s Economy: 2020 — A focus on economic growth,” we wrote: What matters for economic welfare is per capita income. This is…