The resulting growth accounts are shown in Table 8; and, despite the differences in the
factor shares, they are quite similar to the previous conclusions from the TDRI and APO studies.
Capital accounts for the largest contribution to output growth, and the growth of TFP is a small
positive for the total economy and it is negative in the non-agricultural sectors. The low value
for the contribution of TFP is attributable to the high estimate of improvements in labor quality
and the assignment of a large weight to growth in the capital input. As with the FPRI study, the use of the wage rate to measure quality change (although it is a real rather than a nominal
concept) seems inappropriate.