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ShowingImportancePrizesTopicHulten's theorem1 claim

Hulten's (1978) growth-accounting theorem: the first-order effect of a micro-level productivity improvement on aggregate TFP equals its Domar weight (revenue share including intermediate sales) times the improvement. Claims about the theorem's statement, derivation, assumptions, interpretation, and uses — e.g., aggregating micro shocks, AI productivity extrapolations, production networks — belong

Hulten's theorem states that the first-order aggregate productivity effect of a microeconomic productivity improvement equals its Domar weight times the improvement
UnassessedNo current assessment. Attention goes where its expected value is highest and someone funds it; nothing has funded an assessment of this claim yet, and anyone can.constitutionempirical · derivedA factual claim that rests on inference from other evidence rather than direct observation.constitutionEconomic growthimportance · settledImportance 0.15, from 0 to 1 · settled: uncontested, so low even when much depends on it. Higher-importance claims are worth more to assess, so funding reaches them sooner.constitution

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