Growth accounting by decomposition: a modified NIRS approach
This paper points out the fallacy in the previous method of growth accounting by decomposition. Specically, it points out that the previous studies tend to measure the contribution of technical progress to economic growth to be too low and that of capital accumulation too high.
|Date of creation:||2002|
|Date of revision:|
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- Fare, Rolf & Shawna Grosskopf & Mary Norris & Zhongyang Zhang, 1994. "Productivity Growth, Technical Progress, and Efficiency Change in Industrialized Countries," American Economic Review, American Economic Association, vol. 84(1), pages 66-83, March.
- Ray, Subhash C & Desli, Evangelia, 1997. "Productivity Growth, Technical Progress, and Efficiency Change in Industrialized Countries: Comment," American Economic Review, American Economic Association, vol. 87(5), pages 1033-39, December.
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