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Technology, Capital, and Potential Output
Oleh:
Richards, Gordon
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
BUSINESS ECONOMICS vol. 32 no. 1 (1997)
,
page 44-46.
Topik:
technology
;
technology
;
capital
;
potential output
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
BB20.3
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
The direct message in this article is that potential is higher than widely estimated. The indirect message is that we need better models of long - term growth if we are to understand what drives it, and how to make better policy decisions. Models based on fitting trends to residuals cannot readily approximate the effects of technology. Models based on empirical measures of technology come much closer to measuring what is actuall going on in the economy.
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