Total Factor Productivity Discussion

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4. Development Accounting In the various development accounting exercises we reviewed
in class, we found that the majority of differences between rich and poor countries was
explained by differencess in Total Factor Productivity (TFP). Provide three reasons why
countries might differ in their TFP with explanations for why these reasons cause rich coun-
tries to have higher GDP than poor countries.

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Total Factor Productivity

Development accounting

crosscountry differences

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