Message from @Omar_The_OMAP
Discord ID: 604148158058070017
from over 30 years ago
the point is just to show that tfp is not a good proxy for gdp per capita
Total Factor Productivity (TFP) is often considered the primary contributor to GDP Growth Rate.
While other contributing factors include labor inputs, human capital, and physical capital. Total factor productivity measures residual growth in total output of a firm, industry or national economy that cannot be explained by the accumulation of traditional inputs such as labor and capital. Since this cannot be measured directly the process of calculating derives TFP as the residual which accounts for effects on total output not caused by inputs.
It has been shown that there is a historical correlation between TFP and energy conversion efficiency
So it's a predictor of prospective growth speed, not of current development
?
yeah that's what i was about to say
i mean it does predict current development to an extent, but as we can see the amount of development can vary wildly between countries with similar tfp levels
read the first article
it points out that germanies primary determinant is TFP levels
in growth
no
the first journal
not the previous quote
yeah in the journal it's speaking of growth
in the immediate postwar years
this link doesn't work for me
Moreover, our working hypothesis was that in 1957 the East Ger-
mans were still as much handicapped by occupation burdens as in
1950. As was indicated above, this was not actually the case, and
thus the conclusion is reenforced that East German performance was
poorer than West German. Because of a number of factors, such as
rigidity in planning, lack of incentives, and absence of integration
in a world market, the East's increases in production, compared with
those of the West, required much greater effort and sacrifice in terms
of hours worked and consum
give me the original jstor link
Yo, can an Irishman help an American understand the ICW? I need to learn about my Homeland's politics
Was the IRA Green or Orange?
Hay guys im looking for a quote sargon used in a previous vid, it's "if you a minority and not using the collectivist language of identity politics you are part of the problem"
I'm going a number of Google searches to find a quote or a vid of Alanna pressley saying it for a project of mine
Any help is welcome
So far I've not found one
Why so many russians are socialist
glory days?
that or power hungry
same with most socialists
The hipster narrative in Russia is probably run by socialists who say Putin is fascist
no they say Putin is liberal
Big doubt
Communism, not socialist.
There's a difference?
In theory yes
>in theory
I'm glad we both understand
we all know how well theory, communism and socialism go together
<:hypersmugon:544638648721604608>