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"You cannot do any accounting exercises unless you work on both sides of the ledger," he said.
When intangible capital is considered, growth accounting exercises show higher labor productivity growth together with a larger effect of capital deepening in both regions.
For example, it is shown that by including energy, the cornerstone of production processes as modelled in engineering, in simple growth accounting exercises, the Solow residual is nearly eliminated.
Yet, even these are merely accounting exercises that ignore fundamental solutions to health care in this country: Medically efficacious treatment and lifestyle management.
Similar(56)
Essentially, the report is an accounting exercise.
Our approach will not be a simple accounting exercise.
That is a big discrepancy and more than an accounting exercise.
A massive accounting exercise, whose results were presented at the meeting in Japan, has sought to change this calculation.
When you turn nature into an accounting exercise, its destruction can be justified as soon as the business case comes out right.
It is not a difficult accounting exercise to tax excess profits above a certain gross percentage per barrel of oil, or gallon of gas.
This accounting exercise means that £932m in public borrowing money cannot now be spent, while the NHS and Transport Scotland must still pay the higher interest rates and fees charged for those projects by private financiers.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com