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    Measurement of total factor productivity growth in countries with high rates of structural change.

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    Date
    2008-06-11
    Author
    Racsa, Patrick N.
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    Abstract
    In a neoclassical framework, high rates of economic growth can be sustained if the main source of this growth is improvements in technical efficiency, measured by Total Factor Productivity Growth (TFPG). This study argues that traditional aggregate growth accounting methods might not be a useful measure of technological gains when such gains are predominantly sector-specific. In rapidly industrializing countries, rates of structural change from changing of industries are high. This allows us to form the testable hypothesis: the observed change in the capital labor ratio in response to a change in the wage to capital cost ratio should be lower in economies with high rates of structural change than in economies with lower rates of structural change. We find robust empirical evidence supporting this hypothesis.
    URI
    http://hdl.handle.net/2104/5191
    Department
    Economics.
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    • Electronic Theses and Dissertations
    • Theses/Dissertations - Economics

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    Copyright © Baylor® University All rights reserved. Legal Disclosures.
    Baylor University Waco, Texas 76798 1-800-BAYLOR-U
    Baylor University Libraries | One Bear Place #97148 | Waco, TX 76798-7148 | 254.710.2112 | Contact: libraryquestions@baylor.edu
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    DSpace software copyright © 2002-2016  DuraSpace
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