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Growth accounting by decomposition: a modified NIRS approach

Shin, Inyong (2002): Growth accounting by decomposition: a modified NIRS approach. Published in: Research Paper Series, Department of Economics, Tokyo Metropolitan University No. No.36 (2002)

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Abstract

This paper points out the fallacy in the previous method of growth accounting by decomposition. Specically, it points out that the previous studies tend to measure the contribution of technical progress to economic growth to be too low and that of capital accumulation too high.

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