Essay On Time  T.The Change Of Variable X

Essay About Growth Theory1        Growth Accountingnotations And A.Growth Rate Γx Of Variable X
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Basic Growth Theory Notes on Growth Theory1        Growth AccountingNotations: Y –output or GDP, K–capital, L–labor, A–technology or total factor productivity (TFP); subscript t denotes the time, e.g.  Yt  is the output at time  t.The change of variable X is defined byX can be Y, K, L, or A.Growth rate γX of variable X is∆Xt = Xt+1.

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