It takes the average reader and 18 minutes to read Growth Accounting and Growth Processes by Mr.Jahangir Aziz
Assuming a reading speed of 250 words per minute. Learn more
The standard growth accounting framework, which weights various inputs by their factor shares to measure their contributions to output growth, is known to underestimate the contribution of inputs in the presence of externalities and increasing returns. This paper develops a model in which, in the absence of such departures from the standard neoclassical framework, growth can occur through either embodied technological progress or firms replication of existing technology. The standard growth accounting framework fails to distinguish between these contrasting development processes. This failure thus reveals another limitation to the use of growth accounting in identifying the processes of economic developments.
Growth Accounting and Growth Processes by Mr.Jahangir Aziz is 18 pages long, and a total of 4,644 words.
This makes it 6% the length of the average book. It also has 6% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 25 minutes to read Growth Accounting and Growth Processes aloud.
Growth Accounting and Growth Processes is suitable for students ages 6 and up.
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