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Growth accounting

Growth accounting. Recall: Y t = A t K t a L t (1- a ) Take logs: log Y t = log A t + a log K t + (1- a ) log L t Also true for t-1: log Y t-1 = log A t-1 + a log K t-1 + (1- a ) log L t-1. Growth accounting. (log Y t - log Y t-1 ) = (log A t - log A t-1 )

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325 views • 21 slides

Growth accounting

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439 views • 21 slides

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Investment wedge - PowerPoint PPT Presentation

Growth accounting

Growth accounting