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Solow by Juan Naranjo Music is a document available to read on EtoBox.

What is Solow about?

This document discusses using an aggregate production function to separate variations in output per worker due to technical change versus changes in capital per worker. It presents a theoretical basis for modeling an aggregate production function that includes a time variable to represent technical change. With assumptions of neutral technical change and factors being paid their marginal products, the model can estimate a technical change index from time series data on output per worker, capital per worke

Author

Juan Naranjo Music

Language

EN