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  • 8-Chapter 6 (Video) O

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    Peter
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    A document discusses how economic growth can be decomposed into contributions from productivity growth, capital growth, and employment growth. It states that a 1% rise in capital raises GDP by 1/3% while a 1% rise in employment raises GDP by 2/3%, according to economic growth models. It also provides a link to a TED talk about economic growth.

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    8-Chapter 6 (video) O

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    A document discusses how economic growth can be decomposed into contributions from productivity growth, capital growth, and employment growth. It states that a 1% rise in capital raises GDP by 1/3% while a 1% rise in employment raises GDP by 2/3%, according to economic growth models. It also provides a link to a TED talk about economic growth.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Download as pdf or txt
    9 views5 pages

    8-Chapter 6 (Video) O

    Uploaded by

    Peter
    A document discusses how economic growth can be decomposed into contributions from productivity growth, capital growth, and employment growth. It states that a 1% rise in capital raises GDP by 1/3% while a 1% rise in employment raises GDP by 2/3%, according to economic growth models. It also provides a link to a TED talk about economic growth.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 5

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    A 1% rise in capital A 1% rise in employment


    raises GDP by 1/3% raises GDP by 2/3%

    Decomposing GDP growth into growth of factors:

    Real GDP Productivity Capital Employment


    Growth Growth Growth Growth
    (observable) (unobservable) (observable) (observable)
    TED talk about economic growth
    Short version:
    http://www.youtube.com/watch?v=jbkSRLYSojo

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