Development Accounting

Researchers have made much progress in the past 25 years in accounting for the proximate determinants of income levels: physical capital, human capital, and Total Factor Productivity (TFP). But we still know little about why these factors vary. We argue that TFP exerts a powerful influence on output...

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Veröffentlicht in:	American economic journal. Macroeconomics 2010-01, Vol.2 (1), p.207-223
Hauptverfasser:	Hsieh, Chang-Tai, Klenow, Peter J.
Format:	Artikel
Sprache:	eng
Schlagworte:	Capital income Capital investments Enrollments GDP Gross Domestic Product Growth models Human capital Investment goods Investment rates Macroeconomics Marginal products Output Production functions Productivity Purchasing power parity Relative prices Structural capital Studies
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