Reason for the productivity slowdown in most countries despite innovation like computers and the internet.
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फर्म के पूर्ति वक्र के फार्म के पूर्ति वक्र के निर्धारण तत्वों का वर्णन
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Causality analysis is a delicate topic in economics. In the context of time series, however, there are established tools to investigate causal relationships given the exogenous timeline. To this end, we estimate bivariate vector autoregressive (VAR) models of the common components of GDP and productivity growth. This allows us to formally test for Granger (non-)causality. As we are dealing with, by defi nition, trending series,these are likely to benon-stationary. Therefore, we use a method appropriate for such cases.Table summarises the Granger test result from the bivariate model of the common components of trend GDP and trend productivity growth.
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