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Explain four stylized facts of growth in macroeconomics

Explain four stylized facts of growth in macroeconomics

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1.labour force and growth;The  growth rate of available worker-hours in the labour force is fairly steady over time, thus... View the full answer

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  • most helpful i like the answer thanks for the help
    • writerrajab
    • Jul 20, 2016 at 2:30pm

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The shares ofnational incomereceived by labor and capital are roughly constant over long periods of... View the full answer

A stylized fact is a simplified presentation of an empirical finding. A stylized fact is often a broad generalization that... View the full answer

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  • Yield curves tend to move in parallel Education is positively correlated to lifetime earnings Inventory behavior of firms: “the variance of production exceeds the variance of sales” Another stylized fact in economics is: "In advanced economies, real GDP growth fluctuates in a recurrent but irregular fashion".
    • Minalaqueen
    • Jul 20, 2016 at 10:29am

"Output per worker grows at a roughly constant rate that does not diminish over time. Capital per worker... View the full answer

Productivity• Constant growth of real national income and productY;• Constant growth of laborL;• Constant growth of... View the full answer

Stylized Facts about growth 1.) Total Factor Productivity accounts for a substantial amount of cross-country differences.... View the full answer

A stylized fact is a simplified presentation of an empirical finding.this facts were introduced by economist Nicholas kaldor.... View the full answer

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