Cost on y axis number of users on x curved inwards

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: ly investing in K, but only when you grow with TFP growth, that’s when global shift in power. (production function shifts upwards) In all east Asian countries, all capital growth rates were higher than output growth rate. You have to grow in TFP if you want long- term growth. If you want to point to growth being...
View Full Document

Ask a homework question - tutors are online