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Unformatted text preview: Douglas example, one can show that the growth rates of the variables are related in additive form (approximately) ) / )( 1 ( ) / ( / / L L K K A A Y Y -+ + = ) / ( / / k k A A y y + = This allows us to begin accounting for the different sources of growth (technology, capital, and labor) Asian Tiger Growth Accounting / y y / k k / A A Hong Kong 7.3 3.0 4.3 Singapor e 8.7 5.6 3.1 South Korea 8.5 3.3 5.2 Taiwan 8.5 2.9 5.6...
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This note was uploaded on 02/19/2011 for the course ECON 251 taught by Professor Blanchard during the Spring '08 term at Purdue University-West Lafayette.
- Spring '08