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katepotter2019
katepotter2019
25.02.2020 • 
Mathematics

The amount of human capital per worker grows by 6% a year in a country. Estimates of the aggregate production function for the country show that holding physical capital per worker and technology constant, for each 1% increase in human capital per worker, output per worker increases by 0.5%. The growth in human capital per worker in the country accounts for approximately % of productivity growth per year.

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