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?…
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…
What matters for economic welfare is per capita income. This is a general measure of welfare, telling us how much per person is available to be consumed, invested, or put…
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…
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…
Photo: Robert Matthews, Office of Communications, Princeton University Yesterday, I wrote about how soaring city spending coming on top of plummeting commercial property values and consequent declines in commercial property…
Today, we release our new report, ‘The State of Minnesota’s Economy: 2020.’ Its key findings are: Minnesota typically scores well on levels of per capita income, which is what matters…
Beneath the surface Minnesota's economy shows inherent weakness.
Improved productivity is the main source of per capita income growth. The two main drivers of that are education and Research & Development. Our state performs below average in both.…
This op ed appeared December 22nd, 2018 in the Duluth News Tribune. The economist Paul Krugman once wrote that, “Productivity isn’t everything, but in the long run it is almost…
A serious look at our economy dispels the political hype that Minnesota is a 'blue state that works.'
Between now and 2035, Minnesota's declining Labor Force Participation is going to slow GDP per capita growth.
It was not labor but invention and innovation that created the wealth which allows us to work less and our kids not at all. How about we have a day…
Economists have had a number of theories for economic growth over the years. The most recent offers hope for the future.