The Destruction of the Nation’s Productivity

I support the basic idea of Mr Rajendra Rampersaud’s letter on total factor productivity (SN June 15). I cannot argue against Mr Rampersaud’s letter, except to note that I have some technical differences with respect to what can determine per capita income growth in the early stages of a country’s development. Indeed, growth can result from natural resource extraction in the short-term without any significant technological and managerial progress, which TFP growth implies. However, in the long-term, as my friend Rajendra argued, …..To continue reading, login or subscribe now.



Join the Conversation

After you comment, click Post. If you're not already logged in you will be asked to log in or register.

The Comments section is intended to provide a forum for reasoned and reasonable debate on the newspaper's content and is an extension of the newspaper and what it has become well known for over its history: accuracy, balance and fairness. We reserve the right to edit/delete comments which contain attacks on other users, slander, coarse language and profanity, and gratuitous and incendiary references to race and ethnicity. We moderate ALL comments, so your comment will not be published until it has been reviewed by a moderator.