Practical aspects of growth accounting and the issue of double deflation

Here the notes discuss how TFP calculations are actually done in practicality. It also discusses sectoral output functions and uses them to derive aggregated GDP for the economy, introducing the idea of Domar weights on the go. Lastly, it discusses the double deflation vs single deflation method for value-added calculations. This will help us understand the importance of recent changes in the UK value addition GDP accounting change into double deflation. 

Click here to read my notes.

Other interesting links for reading:

1. ESCOE

2. Financial express

3. Prof. Alwyn Young lectures