NO.PZ2023041102000035
问题如下:
Using the specified growth accounting equation, which is the most appropriate conclusion Birol can make from his data on trends in the economy?
Exhibit 1Long-Term Trends of Daltonian Economy
选项:
A.GDP growth is primarily driven by labor. B.Daltonia’s economy is performing at a steady state rate of growth. C.Output per worker is falling.解释:
The components of growth can be determined using Solow’s growth accounting equation: ΔY/Y = ΔA/A + αΔK/K + (1 − α)ΔL/L
TFP = Labor productivity growth – Growth in capital deepening = 1.7 – 2.3 = –0.6, which is given in Exhibit 1. Also given, 1 – α = 0.65 and α = 0.35
生长的成分可以用索洛生长核算方程来确定:ΔY/Y = ΔA/A + αΔK/K +(1−α)ΔL/L
TFP =劳动生产率增长-资本深化增长= 1.7 - 2.3 = - 0.6,如图1所示。还给出了1 - α = 0.65和α = 0.35
具体计算过程请参考上表。
这是之前上课讲的公式:△y/y=△T/T + capital deepening%
本题需要计算:△y/y=△T/T + α(△k/k)
那么capital deepening%就是α(△k/k)吗?
我看另外的一个解答中说capital deepening%指(△k/k),如果是这样,那怎么计算TFP结果不用乘以α?