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You have to grow in tfp if you want long term growth

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Unformatted text preview: nd got stuck in low levels of output per worker. How much of 10% growth in China and India, etc. comes from building factories. How much from population growth? And how much is truly an improvement in how they’re doing things? Alwyn Young and Paul Krugman: myth of the Asian miracle: Key result: growth in East Asia largely came from investment in physical infrastructure rather than TFP growth Its almost a way to say, that they’ve been growing with on...
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