Economy, asked by ramanandyadav2963, 11 months ago

What is solow residual model.What is its implication?

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Answered by SuperstarPiyush

DEFINITION of Solow Residual. The Solow residual is the portion of an economy's output growth that cannot be attributed to the accumulation of capital and labor, thefactors of production. It is a measure of productivity growth that is usually referred to as total factor productivity (TFP).

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