This technology corresponds, in one case, to a number of types of intermediate products that have been invented and, in the other case, to an index of the aggregate quality of intermediate inputs. Within these settings, the Solow residual can be interpreted in terms of measures of the endogenously changing level of technology. Later sections place the growth-accounting exercise within the context of two recent strands of endogenous growth theory - varieties-of-products models and quality-ladders models. The analysis then considers dual approaches to growth accounting (which considers changes in factor prices rather than quantities), spillover effects and increasing returns, taxes, and multiple types of factor inputs. This paper begins with a short presentation of the basics of growth accounting.
This exercise is generally viewed as a preliminary step for the analysis of fundamental determinants of growth and is especially useful if the determinants of factor growth rates are substantially independent from those that matter for technological change. Growth accounting breaks down economic growth into components associated with changes in factor inputs and the Solow residual, which reflects technological progress and other elements. Transportation Economics in the 21st Century.Training Program in Aging and Health Economics.The Roybal Center for Behavior Change in Health.Retirement and Disability Research Center.Measuring the Clinical and Economic Outcomes Associated with Delivery Systems.White, Robert: Notes of a Tour in Scotland. Improving Health Outcomes for an Aging Population White, Robert: On the Temperament and Appearance of Robert Burns.Robert has played a key role in hundreds of successful projects in both large and medium sized project and organizations. Involved in Project/Team Management, Solution Design, Analysis, Testing, and Implementation. Early Indicators of Later Work Levels, Disease and Death Robert, has over 15 years of experience in the Supply Chain / Logistics information technology industry.
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