Module 12.2 LOS 12.e: Cobb-Douglas growth accounting
The growth in potential GDP can be expressed by the following production function, called the Cobb-Douglas production function: ∆Y/Y = …
cobb-douglas
CFA Level II: Economics – Growth Models
Cobb-Douglas Function The Cobb-Douglas Function states that GDP is a function of labor and capital inputs, and their respective productivity. …