3 ms·
AIUI implementing stuff that's already best practice - innovation driven Total Factor Productivity growth - is technological advance and is included in Nordhaus
by stevetrewick 11y ago
AIUI implementing stuff that's already best practice - innovation driven Total Factor Productivity growth - is technological advance and is included in Nordhaus' calculations. But IANAE.
- BenjaminTodd 11y agoGood point. It still seems unlikely to me that all entrepreneurial activity contributes to productivity growth though. I'll look into it some more.