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Growth can come both from using more inputs (capital, energy, labor) or using the same input more efficiently (i.e. technological progress). There is no reason
by duxut_staglatz 7y ago
Growth can come both from using more inputs (capital, energy, labor) or using the same input more efficiently (i.e. technological progress). There is no reason to claim that only technological progress induced growth counts as growth but when the GDP increases because we use more inputs it is not somehow growth.