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 matters It 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...
Total factor productivityRiceEstimated value of marginal productInternal rate of returnThe study assessed total factor productivity (TFP) in rice cultivation in the Middle Gujarat region from 2001–02 to 2022–23, examining technological progress, sources of productivity growth, and the returns on ...
解析 4. The TFP (total factor productivity) is a measure of the level and growth rate of overall efficiency of the economy. It indicates the combined productivities of all factors of production and (socioeconomic) institutions and infrastructure at work within the country. ...
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 ...
In this case, total factor productivity (TFP) would be the main driver of growth accelerations by capturing the effects of factor reallocation. Despite the clear relevance of these questions, the proximate drivers of growth accelerations have received only scant attention in the empirical literature ...
In addition, this paper extends the analysis to include institutional variables such as the ease of doing business, legal origins, and religious majority to see if institutional characteristics have any impact on the way knowledge diffusion affecting total factor productivity (TFP). However, it is ...
From another point of view, when a country has entered the middle-income stage, maintaining sustained total factor productivity growth can prove to be challenging without the capacity for innovation. This is due to the fact that during the middle-income stage of development (especially the upper-...
Here, the Census's rich operational and financial information allows us to assess performance changes happening in the plants by estimating more precisely an alternative performance measure, i.e., total factor productivity (TFP). TFP, which reflects the difference between the expected output, given ...