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- UID
- 222312
- 帖子
- 415
- 主题
- 5
- 注册时间
- 2011-7-2
- 最后登录
- 2015-12-9
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> FinNinja Wrote:
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> -----
>
> According to the schewser video course, TFP cover
> everything that is not explained by capital and
> labour, so technology is part of it but not all
> about it.
^ correct. Solow risidual is anything not explained by changes in capital + changes in labor. Technology/productivity changes are just a common example.
Constant returns to scale just means changes in capital + changes in labor = change in Yield. In other words the solow residual is zero, change in yield is directly derived from changes in labor and capital. |
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发表于 2011-7-11 19:32
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