Can I read Extended Growth Accounting Equation on EtoBox?

Extended Growth Accounting Equation by trilocksp Singh is a document available to read on EtoBox.

What is Extended Growth Accounting Equation about?

The document discusses extending a growth accounting equation to include three factors: the growth rate of inputs like labor (L), capital (K), and natural resources (R); the contribution or share of each input to output growth (si); and technological change (T.C.). It can explain stagnant economic growth in poor countries where capital share is low, land is constant, and technology changes little. Advanced economies avoid stagnation because land resources become negligible. Pessimistic economists argue futu

Author

trilocksp Singh

Language

EN