Notes on Growth Accounting
介绍增长核算方法,将经济增长分解为要素投入变化和技术进步(索洛余值),并讨论其作为分析经济增长根本决定因素初步步骤的用途。
into components associated with changes in factor inputs and a residual that re ects technological progress and other elements. Generally, the accounting exercise is viewed as a preliminary step for the analysis of fundamental determinants of economic growth. The nal step involves the relations of factor growth rates, factor shares, and technological change (the residual) to elements such as government policies, household preferences, natural resources, initial levels of physical and human capital, and so on. The growth-accounting exercise can be particularly useful if the fundamental determinants that matter for factor growth rates are substantially independent from those that matter for technological change. The basics of growth accounting were presented in Solow (1957), Kendrick (1961), Denison (1962), and Jorgenson and Griliches (1967). Griliches (1997, part 1) provides an overview of this intellectual history, with stress on the development of the Solow residual. The present paper