Examinando por Materia "Steady State"
Mostrando 1 - 1 de 1
Resultados por página
Opciones de ordenación
Ítem World Total Factor Productivity Growth and the Steady-State Rate in the 20th Century(Universidad EAFIT, 2013-03-02) Breton, Theodore R.I estimate a Solow model augmented with human capital in 42 countries for 1910-2000. Estimated TFP growth is 0.3%/year, and the steady-state rate for GDP/capita is 1.0%/year. Implicitly for high-income countries maintaining growth above this rate will be increasingly difficult.