Questions tagged [growth-accounting]

The tag has no usage guidance.

Filter by
Sorted by
Tagged with
0
votes
1answer
38 views

Maximizing units under a budget constraint and increasing costs

Consider two columns. Column A has total cost per day, Column B has units bought that day. The marginal cost of each unit is increasing because of limited supply. My goal is to estimate total ...
0
votes
0answers
16 views

Beta convergence: data uncertainties

Maybe these questions are silly for many of you but I’m trying to conduct a beta convergence analysis using data from the Penn World Table, and I have run into some uncertainties. For the dependent ...
0
votes
1answer
89 views

How to Calculate the productivity multiplier?

Given a Cobb Douglas $Y_t = A (K_t^\alpha L_t^{1-\alpha}) $ $ K_{t+1} = sY_t + (1-\delta) K_t$ How do we get the multiplier on productivity to be equal to $ \frac{1}{1-\alpha}$? I understand ...
0
votes
1answer
13 views

What's a « 1-Ratio» ? From a text on Capital's share of GDP

In this article, the writer talks about the «capital share, as a percent of GDP — here just 1 – labor share percentage» What's this 1-labour share percentage?
1
vote
0answers
140 views

Estimating Endogenous vs Exogenous growth models

Exogenous economic growth models (mostly those that take technological progress, or change in TFP as exogenous and random) are rather easy to estimate econometrically. But how about endogenous ...
1
vote
1answer
26 views

Discrete returns versus log-returns

I read this link and it is very helpful. However, if log-returns are easier for time-aggregation, then why do economists work with discrete returns e.g. in GDP growth?
1
vote
0answers
71 views

Sources of Growth and co-integration: production function approach

I am experimenting with time series data to gauge the importance of factors of production i.e. labour force, capital stock, energy, land, etc. in output growth. One venue I am looking into is the ...
2
votes
1answer
55 views

Growth Accounting with variable factor shares

Under the assumption of competitive markets, the usual growth accounting equation using Cobb-Douglass function is as follows: $\Delta Y/Y = \Delta A/A+w_l\Delta L/L+w_k\Delta K/K$ $Y$ is output $K$...