Discuss the effect of technological change of the production function

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asked Jan 1, 2021 42.0k views

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Lukas Novak · Answer 1 · 2021-01-07T10:38:49+0000

Answer: The study found out that growth in technological progress resulted in economic growth, whereas increase in either capital productivity or labor productivity gave rise to reduction in economic growth within the aforementioned period.

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Discuss the effect of technological change of the production function

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Discuss the effect of technological change of the production function