WHAT DOES TOTAL FACTOR PRODUCTIVITY MEASURE ? By Richard
نویسندگان
چکیده
منابع مشابه
Neoclassical Growth Accounting and Frontier Analysis: A Synthesis
The standard measure of productivity growth is the Solow residual. Its evaluation requires data on factor input shares or prices. Since these prices are presumed to match factor productivities, the standard procedure amounts to accepting at face value what is supposed to be measured. In this paper we determine total factor productivity growth without recourse to data on factor input prices. Fac...
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