Question
Assume that in Ambrosia, capital per hour of work from 1980 to 1993 grew by 3% p.a. Also, from 1993 to 2011, capital per hour
Assume that in Ambrosia, capital per hour of work from 1980 to 1993 grew by 3% p.a. Also, from 1993 to 2011, capital per hour of work did not grow at all and output per hour of work grew by 1 % p.a. How much of this decline in productivity growth was due to changes in technology?Explain using the growth accounting formula
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Economic Change In Asia Implications For Corporate Strategy And Social Responsibility
Authors: M Bruna Zolin, Bernadette Andreosso O'Callaghan, Jacques Jaussaud
1st Edition
1317286650, 9781317286653
