Growth accounting
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Growth accounting is a procedure used in macroeconomics to measure the contribution of different factors to economic growth and to indirectly compute the rate of technological progress, measured as a
Decomposing increase in output into that due to technology and that due to increase in capital (click to enlarge)
Capital (economics)
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In economics, capital goods or capital are "those durable produced goods that are in turn used as productive inputs for further production" of goods and services. A typical example is the machinery us
Growth accounting
…of an economy's total output into that which is due to increases in the contributing amount of the factors used—usually the increase in the amount of capital and labor—and that which cannot be accounted for by observable changes in factor utilization. The unexplained part of growth in GDP is then taken to…
A factory and its equipment are examples of capital goods.