“As the new endogenous growth theory suggests, TFP growth is closely related to accumulation of the intangible capitals, such as human capital and research and development.” HumansGrowthTheoryDevelopmentResearchRelatedAccumulationIntangibleResearch And Development Author:Toshihiko Fukui
“The standard growth theory tells us that economic growth in per capita basis comes from mainly two sources: capital deepening and total factor productivity growth, or TFP growth.” TwoGrowthEconomicTheorySourceStandardsBasesProductivityFactorsEconomic Growth Author:Toshihiko Fukui