12生产等与增长.pptVIP

* This slide replicates Figure 1 from the text, which illustrates the relationship between productivity (output per worker) and one of its determinants: capital per worker. The curve is drawn for given values of the other determinants of productivity (human capital per worker, natural resources per worker, technology). A change in any of these other determinants would shift the curve. The graph is positively sloped: productivity is higher when the average worker has more capital. The graph is curved, reflecting diminishing returns to capital: as the average worker gets more and mo