On solow's residual with intermediate goods
Bibliographic Data
| ID | 20303283 |
|---|---|
| Authors | Clive Bell (0000-0002-7098-2252, University of Sussex), Yhi‐Min Ho (University of St. Thomas - Texas) |
| Year | 1977 |
| Volume | 13 |
| Issue | 3 |
| Pages | 223-228 |
| Publication date | 1977-04-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | The Journal of Development Studies (JOURNAL) |
| Journal identifiers | ISSN: 0022-0388 • E-ISSN: 1743-9140 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/00220387708421633 |
| OpenAlex | W2084946062 |
| Language | EN |
| References cited | 3 |
Many efforts have been made to identify the sources of the ‘unexplained’ output, better known as the ‘residual’ generated in the process of growth. The paper is an attempt to show that the magnitude of the estimated residual based on Professor Solow's well‐known method actually depends on how the dependent variable in the production function is defined. Part of the computed residual is built‐in if value‐added, instead of gross production, is chosen as the dependent variable when Solow's method is applied to a disaggregated model. The paper also demonstrates how the extent of the bias is measured
Algorithm · Econometrics · Economics · Function (biology) · Growth accounting · Macroeconomics · Production (economics) · Productivity · Residual · Solow residual · Statistics · Total factor productivity · Value (mathematics) · Variable (mathematics) · Economic Growth and Productivity · Economic theories and models · Economic Theory and Policy · Mathematics
| Highly cited | No |
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