Unformatted text preview: • institutions • government Since technology is the least well measured, it is often treated as the resid-ual component in growth, i.e., the component which does not come from growth in K t , H t and L t . 1.2 Poverty Poverty • Many ways of measuring poverty. One of the most common way is to study the proportion of the population with incomes below a particular poverty line z • The objective of the Millennium Development Goals (based on a $1 day poverty line) is to halve the proportion of people living below Development Economics, LSE Summer School 2007 3...
View Full Document
- Spring '10
- per capita, Millennium Development Goals