Solow residual, the

Paul Johnson

from Palgrave Macmillan

Abstract: Solow's method of decomposing the growth in aggregate output into that part due to growth in inputs and that part due to technological progress has become the standard method for measuring technological progress, or growth in total factor productivity. This contribution outlines the method and later refinements.

Keywords: growth accounting; output growth: Solow; R.; technological progress; total factor productivity (search for similar items in EconPapers)
Date: 2010
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