Explain the concept of Total Factor Productivity (TFP) and how is it calculated using data on capital, labour, and outpu
Posted: Thu May 19, 2022 7:53 am
Explain the concept of Total Factor Productivity (TFP) and how
is it calculated using data on capital, labour, and output. (70%)
What does historical evidence tell us about the importance of TFP
growth for long run growth? (30%)
1000 word
is it calculated using data on capital, labour, and output. (70%)
What does historical evidence tell us about the importance of TFP
growth for long run growth? (30%)
1000 word