Breaking Down the Barriers to Technological Progress
Questions:
Read the Federal Reserve Bank of Minneapolis'
report entitled: "Breaking Down the Barriers to Technological Progress: How U.S. policy can promote higher economic growth
," by Preston J. Miller and James A. Schmitz.
- What do the authors claim is the key to increasing the rate of growth of productivity in the U.S.?
- Describe the methods suggested by the authors to achieve this goal. Explain why each of these policies might have an effect on productivity growth.
