developed economy in the years of 2018-2019 and the years of 2020-2021 (the years of COVID-19 pandemic). During the first period according to national account statistics GDP average growth rate is computed as 2% and employment average growth rate as 0.5%. The capital stock growth has been estimated as 2%. In the second period those average growth rates are for GDP -2%, for employment -1% and for capital stock -3%. So Calculate the contributions of TFP to GDP growth in both periods. Alpha = 0.4
developed economy in the years of 2018-2019 and the years of 2020-2021 (the years of COVID-19 pandemic). During the first period according to national account statistics GDP average growth rate is computed as 2% and employment average growth rate as 0.5%. The capital stock growth has been estimated as 2%. In the second period those average growth rates are for GDP -2%, for employment -1% and for capital stock -3%. So Calculate the contributions of TFP to GDP growth in both periods. Alpha = 0.4
Chapter20: Growth And Less Developed Countries
Section: Chapter Questions
Problem 19SQ
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developed economy in the years of 2018-2019 and the years of 2020-2021 (the years of COVID-19 pandemic). During the first period according to national account statistics
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