Brandt, Loren; Zhu, Xiaodong - Institute for the Study of Labor (IZA) - 2010
role of rising rates of investment. Because labor reallocation across sectors, TFP growth at the sector level and … investment are all inter-related, simple growth decompositions that are often used in the literature are not appropriate for … the same growth performance without any increase in the rate of aggregate investment. This has important implications for …