Wednesday, June 11, 2014

Oh! I've seen this shape before...

Been looking into the Solow Growth Model just a bit, lately, and took a look at Total Factor Productivity:

Graph #1: Total Factor Productivity (TFP)
Uptrend to 1966, then stable to 1982, then uptrend again. I know I've seen that pattern before. I just can't remember where.

I'll find it eventually.

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