Last year, I wrote that North Dakota’s economy had been on something of a rollercoaster ride in recent years. To investigate this, I wanted to do what economists call a…
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…
Fargo’s insatiable appetite for growth, along with a familiar willingness to trample the rights and preferences of businesses, individuals, and neighbors, is again on display. It recently came to light…
Last week, we took a close look at the components of human capital — employment, average annual hours worked, the skills each worker has arising from education, and those he…
This week, we have been looking at the growth — or otherwise — of human capital in North Dakota in the last few years in an attempt to understand why…
Over the last couple of days we have looked at the growth — or otherwise — of human capital in North Dakota in the last few years in an attempt…
A new report released today from American Experiment North Dakota shows the state’s economic growth has slowed down since 2014 after a period of rapid growth that began in 2009, but that…
Performance Yesterday, we saw that the average annual growth rate of North Dakota’s employment ratio went from being the seventh best ranked in 2008-2014 to 49th in 2014-2023. Changes in…
Yesterday, we looked at North Dakota’ erratic performance in per capita GDP over the last few years. We noted that, using a technique called “growth accounting,” we could break this…
The importance of per capita economic growth What matters for economic welfare is per capita income. This is a general measure of welfare, telling us how much, per person, is…