01733cas a2200241 a 4500 AALejournalIMF000253 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451942354 1018-5941 BD-DhAAL BD-DhAAL Aziz, Jahangir. Growth Accounting and Growth Processes / Jahangir Aziz. Washington, D.C. : International Monetary Fund, 1996. 1 online resource (18 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The standard growth accounting framework, which weights various inputs by their factor shares to measure their contributions to output growth, is known to underestimate the contribution of inputs in the presence of externalities and increasing returns. This paper develops a model in which, in the absence of such departures from the standard neoclassical framework, growth can occur through either embodied technological progress or firms replication of existing technology. The standard growth accounting framework fails to distinguish between these contrasting development processes. This failure thus reveals another limitation to the use of growth accounting in identifying the processes of economic developments. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1996/116 Full text available on IMF http://elibrary.imf.org/view/journals/001/1996/116/001.1996.issue-116-en.xml IMF e-Library