Unveiling the Flaws in Economic Growth Models: Why Some Countries Stay Poor
The article questions the accuracy of the Aggregate Production Function in measuring technical change in economics. It discusses the limitations of this model and explores alternative perspectives on economic growth and productivity. The researchers challenge traditional views on factors like capital growth and market power, suggesting that current methods may not accurately capture these dynamics. Ultimately, the study raises doubts about the effectiveness of existing economic models in explaining why some countries are wealthier than others.