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分享 Problems in Estimating Productivity: accumulation 2015-4-26 16:20; Productivity is the “left over” part of differences in output after accounting for the factors of production  If factors of production are not properly measured, so would be the productivity estimates Some problems in the measurement of physical and human capitals k and h  Example: when failed to consider the quality of schooling, using the simple number of years would tend to reduce or underestimate the true difference between the rich and poor economies, leading to overestimated effect of productivity on income variations.; 个人分类: 宏观经济学|0 个评论