曼昆宏观经济学第25章.pptVIP

;Production and Growth ;Production and Growth;Production and Growth;Production and Growth;Content ;Table 1 The Variety of Growth Experiences;ECONOMIC GROWTH AROUND THE WORLD;PRODUCTIVITY: ITS ROLE AND DETERMINANTS;Why Productivity Is So Important;How Productivity Is Determined;How Productivity Is Determined;Physical Capital is a produced factor of production. It is an input into the production process that in the past was an output from the production process. is the stock of equipment and structures that are used to produce goods and services. Tools used to build or repair automobiles. Tools used to build furniture. Office buildings, schools, etc.;Human Capital the economist’s term for the knowledge and skills that workers acquire through education, training, and experience Like physical capital, human capital raises a nation’s ability to produce goods and services.;Natural Resources inputs used in production that are provided by nature, such as land, rivers, and mineral deposits. Renewable resources include trees and forests. Nonrenewable resources include petroleum and coal. can be important but are not necessary for an economy to be highly productive in producing goods and services.;Technological Knowledge society’s understanding of the best ways to produce goods and services. Technological knowledge takes many forms: common knowledge and proprietary. Question: What are the differences between technological knowledge and human capital?;FYI: The Production Function;FYI: The Production Function;FYI: The Production Function;FYI: The Production Function;FYI: The Production Function;ECONOMIC GROWTH AND PUBLIC POLICY;ECONOMIC GROWTH AND PUBLIC POLICY ;The Importance of Saving and Investment ;SAVING AND INVESTMENT IN THE NATIONAL INCOME ACCOUNTS;Some Important Identities;Some Important Identities;Some Important Identities;Some Important Identities;The Meaning of Saving and Investment;The Meaning of Saving and Investment;The Meaning of Saving and Investment;The Mean