Suppose Two Separate Growth-Accounting Studies Between 1980 and 2010 Differ

question 91

Essay

Suppose two separate growth-accounting studies between 1980 and 2010 differ on the relative importance of the contributions of capital formation and technological change to growth in productivity. That is, one study argues that technological change has been relatively more important than capital stock growth in contributing to productivity growth, while the second study argues the opposite. How would you reconcile these two studies? (Hint: What did the discussion in the text about the Thompson bagel machine illustrate?)

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Definitions:

Social Psychologists

Researchers who study how individuals think, feel, and behave in social contexts.

Insincere

Characterized by a lack of genuineness or honesty in expression; not expressing genuine feelings.

Trustworthiness

The ability to be relied on as honest or truthful.

Ingratiation

A psychological technique involving deliberate efforts to win someone's favor or to make oneself appear more likable to others.