Message from @Death in June
Discord ID: 604131402329358337
The journal mentioned it is . Ican show you a host of other sources discussing TFP as being primary determinant
show me otherwise
fvcking syria and mexico have some of the highest tfp measures in the world
source ?
Y'all arguing like it's *unusual* for a nation with a healthy industrial base to degrade over time under socialism. That's like half the history of socialism. The other half is places that didn't have an industrial base.....
Its june trying to make that argument
that somehow starting from same place
having 50 years to make progress
and ending up 30 percent of the gdp
is somehow normal
"starting from same place"
again you haven't demonstrated this
Ending up at 30% after 50 years sounds about right. Look at Venezuela's decline in a much shorter period. Fairly normal socialist productivity....
1988
moron
read your own damn graphs
what about 1988
do you think syria, mexico, and brazil were some of the richest countries in the world in 1988?
well first you are using unbelievably outdated stats
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