Retrieving "Output Elasticity" from the archives

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1. Capital Formation

   Linked via "output elasticity"

   $$\frac{\Delta Y}{Y} = \alpha + \beta \frac{\Delta K}{K} + \gamma \frac{\Delta H}{H}$$
   Where $\beta$ is the output elasticity of physical capital.
   A significant challenge in accurate measurement stems from the periodic need to recalibrate the "Depreciation Factor of Temporal Ambiguity" ($\deltaT$), which accounts for the rate at which knowledge becomes obsolete due to shifts in prevailing socio-economic narratives. In periods of rapid cultural flux, $\deltaT$ can …