Alho, Kari E. O. (contributor); Kaitila, Ville (contributor) - 2004 - [Elektronische Ressource]
rate is not constant over time, but that it is positively re-
lated to the initial gap in income levels so that poorer … factor of production in
the NMCs (capital will be added in the next Section). Real output in sector i is given by
=
iii
Q …
N
W
P
A
. (3)
Real output per unit of labour (per capita) q is then
( )1
TT NN
bP A b P A
q
P
+−
= , (4)
where …