Questions tagged [growth-accounting]
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7
questions
2
votes
1answer
28 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?
2
votes
1answer
57 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
$K$...
1
vote
0answers
143 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
0answers
73 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 ...
0
votes
1answer
138 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?
0
votes
1answer
56 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 ...
