The Solow model implies that differences in total factor productivity are even more important in explaining differences

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The Solow model implies that differences in total factor productivity are even more important in explaining differences in income across countries than the production model of Chapter 4 suggested. Why?

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Macroeconomics

ISBN: 978-0393923902

3rd edition

Authors: Charles I. Jones

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Question Posted: Feb 25, 2016 06:25 AM

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The Solow model implies that differences in total factor productivity are even more important in explaining differences

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Now we see that technology differences can drive capital di...View the full answer

Macroeconomics

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