Bell-shaped curve for productivity growth: an explanation
Olga M. Kosheleva, Владик Крейнович · scholarworks - UTEP (The University of Texas at El Paso) · 2016
A recent analysis of the productivity growth data shows, somewhat surprisingly, that the dependence of the 20-century productivity growth on time can be reasonably well described by a Gaussian formula. In this paper, we provide a possible theoretical explanation for this observation.