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Discuss the Relative Strengths of Capital Accumulation and Technological Progress

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Essay

Discuss the relative strengths of capital accumulation and technological progress in contributing to output growth rates in Australia during 1985- 2009. What are the long- run implications?


Definitions:

Conceptual Replication

Attempting to validate the findings of a previous study by using different methods or measures while keeping the underlying theory or hypothesis the same.

Generalization Problem

The issue faced when trying to apply the findings from research studies to broader contexts or different groups than those studied.

Purposive Sampling

A non-probability sampling method in which the researcher selects participants based on specific criteria and the purpose of the research.

Double-Blind Technique

A method used in research where neither the participants nor the experimenters know who is receiving a particular treatment, reducing bias.

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