Consider a country in which capital per hour of work from 1950 to 1973 grew by 3 percent per year and output per hour of work grew by about 3 percent per year. Suppose that from 1973 to 1991, capital per hour of work did not grow at all and output per hour of work grow by about 1 percent per year. How much of the slowdown in productivity (output per hour of work) growth was due to technological change? Explain. (Assume that the coefficient on capital in the growth accounting formula is 1/3).

  1. 👍 0
  2. 👎 0
  3. 👁 72
asked by Pale

Respond to this Question

First Name

Your Response

Similar Questions

  1. English

    For a project im writing about 1950's food and the food that was unique to that time. But, in my report i also have to compare a literary work to the information i find on 1950's food. my teacher said the best work would be like a

    asked by Hannah on April 17, 2011
  2. Geography

    I have to use the hints given to find out what place is being talked about- 31. "We had our picnic near the capital of this new nation, which used to be the eastern part of Czechoslovakia." ...Slovakia? 32. "The person collecting

    asked by mysterychicken on October 13, 2009
  3. calculus

    the productivity of a country in western Europe is given by the function f(x,y)=40x^4/5 y^1/5 when x units of labor and y units of capital are used. a)What is the marginal productivity of labor and the marginal productivity of

    asked by yessi on March 11, 2012
  4. Another Geography

    What is the capital of the country that separates the North Sea from the Baltic Sea? Is the country Denmark and the capital Copenhagen?

    asked by Nicole on November 30, 2017
  5. social studies

    What is the capital city in the African country?Also What Pyrenees mountains boreder Spainand this European counttry? Capital city in WHICH African country? There are many countries on the African continent. Go to

    asked by Anonymous on March 1, 2007
  6. economic

    Show graphically and explain how a policy that increases the productivity of the labor input in a labor abundant country affects the equilibrium terms of trade between that country and a capital intensive country (assume that L

    asked by karanzala on October 12, 2010
  7. geography

    What is the capital of the country through which the 40 degrees N line of latitude and 20 degrees E line of longitude pass? My answer - Tirana, which is the capital of the country Albania. Am I correct?

    asked by Reed on September 12, 2011
  8. Math

    Is this how I would do this problem? What is the percent increase in the population for all six inhabited continents, excluding Asia, from 1950 to 2000? Add all of the 1950 populations together, add all the 2000 populations

    asked by Stacy on June 5, 2007
  9. Geography

    Where on Earth? You work for a company that specializes in environmental cleanup. Your company has been approached by representatives of several Eastern European governments. They want to clean up the Danube River and are asking

    asked by y912f on March 30, 2010
  10. geography

    What is the capital of the country that possess the Canary Islands off the coast of Africa? Spain ??? Capital Madrid??

    asked by nicole on January 27, 2018

More Similar Questions