Stevens, Philip (contributor); Weale, Martin (contributor) - 2003 - [Elektronische Ressource]
& Swamy (1974). A represents ”total factor productivity”.
As will become clear, the model is not closed because growth of A is … defect of the model is, however, the fact that growth in total factor productivity
is exogenous. If the rate of growth of … total factor productivity is itself dependent on
the level or the rate of change of educational attainment, then growth …