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王凤梅 · 2020年06月27日

问一道题:NO.PZ2016010802000114 [ CFA I ]

问题如下:

An economic forecasting firm has estimated the following equation from historical data based on the neoclassical growth model:

Potential output growth = 1.5 + 0.72 × Growth of labor + 0.28 × Growth of capital

The intercept (1.5) in this equation is best interpreted as:

选项:

A.

the long-run sustainable growth rate.

B.

the growth rate of total factor productivity.

C.

above trend historical growth that is unlikely to be sustained.

解释:

B is correct.

The estimated equation is the standard Solow growth accounting equation. The intercept is the growth rate of total factor productivity.

考点:TFP

解析:本题直接考察TFP的表达形式,它的增长在公式中表示为方程的截距项。

请问A选项怎么理解?

1 个答案

丹丹_品职答疑助手 · 2020年06月27日

嗨,从没放弃的小努力你好:


A选项指的是经济增长率的长期稳定值,可以理解为咱们DDM多阶段中平衡的增长率。


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就算太阳没有迎着我们而来,我们正在朝着它而去,加油!


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