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Consider two countries, 1 and 2. The aggregate production function in each country is CobbDouglas with capital share 1/3. Capital per worker in country 1
Consider two countries, 1 and 2. The aggregate production function in each country is CobbDouglas with capital share 1/3. Capital per worker in country 1 is ___ while capital per worker in country 2 is ____. Per capita GDP in country 1 is ___ while per capita GDP in country 2 is ____. Suppose we normalize TFP in country 1 to one. What is TFP in country 2
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Crafting and Executing Strategy The Quest for Competitive Advantage
Authors: Arthur Thompson, Margaret Peteraf, John Gamble, A. J. Strickland III
19th edition
78029503, 978-0078029509
