Argument some countries have better technologies than

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Unformatted text preview: part) Guess K, use that as baseline, look at investment and assume something about depreciation, in long run, it’s okay. How do you measure changes in capital: No easy way to adjust for quality of capital To measure labor: You can use census, and survey to find work hours TFP varies significantly across countries: Production function Separate global output per worker into capita...
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This document was uploaded on 03/28/2014 for the course INAF 252 at Georgetown.

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