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Question 2 (Growth Accounting with Real Data Set) Consider the following Cobb-Douglas function for aggregate economy. Y ( t ) = A (t ) [

Question 2 (Growth Accounting with Real Data Set) Consider the following Cobb-Douglas function for aggregate economy. Y ( t ) = A (t ) [ KI (t) ] [K2(t) ]02 [L(t ) ] OLS estimation of = 0.28, 62 = 0.35, 03 = 0.60

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