The Solow residual attempts to measure the amount of output not explained by

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The Solow residual is calculated as the difference between actual output and the amount of output that can be explained by labor and capital inputs. It is therefore intended to measure the contribution of technological progress or total factor productivity, which is not directly explained by labor and capital. Economic projections and the amount of a nation's human capital are not directly related to the Solow residual.

The Solow Residual Attempts to Measure the Amount of Output