Does GDP composition affect GDP growth and volatility? Typically, economies at advanced stages of development grow … theory of development consistent with these three facts. I show that even when total factor productivity (TFP) growth and … gross output production in manufacturing implies a larger growth and volatility of TFP at the value added level in …

Artículo de revista ; The average annual growth rate of GDP can be formulated algebraically as a weighted average of … the quarter-on-quarter growth rates of the preceding and the current year. Sometimes this can give rise to … counterintuitive results and misinterpretations of how the economy is evolving. For example, a given sequence of GDP growth rates, in …