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Why the Whiz Kids Got it Wrong. (Notable Papers And Articles).

Why the Whiz Kids Got it Wrong; Gene Epstein; Barrons, Oct. 22, 2001; p. 40.

This columnist presents a contrary view to the conclusions in U.S. Productivity Growth (above). Citing research by New York Federal Reserve Bank senior economist Kevin J. Stiroh, Epstein concludes that the

McKinsey analysts confused the numbers. Rather than productivity gains being registered by only 30 percent of private sector firms, the correct figure should be 70 percent, he says.

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