Further Development of the Model Iteration 1 of Prototype We now set out the initial iteration of the model, and its conceptual framework.[i] We model productivity as a function of factors which have a direct impact on productivity in a country. These factors are themselves influenced by the policy decisions of a country. The factors affecting productivity are: stock of foreign direct investment, stock of capital provided by the financial sector, health expenditures, and human capital stock per worker. However, fuel exports, and ore and metal exports need to be considered as these could distort a nation’s productivity particularly if…
Author of major works on trade, competition, and the danger of market distortions