You will find my suggestion ¡­

You will find my suggestion for solvoing Problem 1 for seminar #3 today, under teaching Material. Furthermore, the paper by F?rsund and Hjalmarsson "Dynamic Analysis of Structural Change and Productivity Measurement" is also available under Teaching Material. In this paper you find a version of the Putty-clay model, very similar to the one we have discussed in lectures, and also a way of applying the derived short-run industry production function to understand productivity.