Total factor productivity is an indicator of economic growth, but it isn’t the only measure of an economy’s health. A high TFP often indicates that an economy is more efficient or the cost of production has decreased. Efficient production allows businesses to keep their prices low while stil...
Increasing productivity through factor substitution is a feasible goal, however rising land, capital, and labour productivity simultaneously will be a major challenge. A better understanding of the level and drivers of livestock total factor productivity (TFP) has become a major topic in the ...
In macroeconomics, we call this measure TFP (Total Factor Productivity) or MFP (Multi Factor Productivity).Productivity is what mattersIt is what really matters when looking at the production performance of nations and companies. When output per worker, for example, rises so do living standards....
Strong evidence reveals that total factor productivity (TFP) has increased rapidly during the 1930s and was considered as basic to economic recovery during that period. Preparations for and engagement in the World War II has obscured the economy's inherent upward movement, same as the growth of ...
Profitability change can be decomposed into the product of a total factor productivity (TFP) index and an index measuring changes in relative prices. Many ... CJ O’Donnell - 《Australian Journal of Agricultural & Resource Economics》 被引量: 335发表: 2010年 Mask Cost and Profitability in Phot...
Factor Accumulation as ResidualNew panel data estimates for the four East Asian Tigers show that the contribution of Total Factor Productivity (TFP) to growth is much higher than past estimates. An extended production function with learning by doing implies that TFP is about 3.5% and these ...
This review article is divided into eight sections. Part one discusses the history of the concept of total factor productivity (TFP), often referred to as the residual and the theoretical backbone of productivity analysis. Part two looks at the advances that have taken place in the crucial area...
On the macro scale, economists look at total factor productivity growth (TFP)—“the portion of output not explained by traditionally measured inputs of labor and capital used in production”—to measure innovations, sub-divided into technological growth and efficiency improvements. So if you have ...
Imports and TFP at the firm level: the role of absorptive capacity This paper estimates the effect of the decision to import intermediate goods and capital equipment on Total Factor Productivity (TFP) at the firm level on ... P Augier,O Cadot,M Dovis - 《Canadian Journal of Economics》 被...
The 20th century was a period of exceptional growth, driven mainly by the increase in total factor productivity (TFP). Studying 17 OECD countries over the 1890-2013 period,1 this Rue de la Banque shows that the "one big wave" of productivity growth in the mid-20th century, as well as ...