What is the distinction between gdp growth and labor

Reference no: EM133261084

Question 1: Accounting for Sources of Growth

Fukao, Makino, and Settsu [2020] use historical data to provide a decomposition of labor productivity growth in Japan into contributions from total factor productivity [TFP] growth, labor quality improvements, changes in land, and changes in capital stock from 1885 to 2015.

Question 2: What is the distinction between GDP growth and labor productivity growth? Why might two countries that have the same GDP growth during the same 10-year period have different labor productivity growth in those 10 years?

Reference no: EM133261084

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