We estimate total factor productivities at the sector level for 72 countries and 5 decades, and examine how they evolve over time in both developed and developing countries. In both country groups, there has been relative productivity convergence: productivity grew systematically faster in sectors that were initially relatively less productive. These changes have had a significant impact on tra...

We argue that in the presence of transaction costs, observed productivity measures may in many cases understate the true productivity, as production data seldom distinguish between resources entering the production process and resources of a similar type that are sacrificed for transaction costs. Hence, both the absolute productivity measures and, more importantly, the productivity ranking will...

production planning is performed through diverse methods according to the type of the system it is structured upon. one of the most important steps before production planning is to determine which system best fits the firm, and how the facilities should be designed. both job-shop and group-technology systems have their own cons and pros, each of which is suitable to a specific kind of factory. ...

It is beyond doubt that Solow’s proposal for “an elementary way of segregating variations in output per head due to technical change from those the availability capital head” (Solow, 1957, p. 312) leading ‘residual’, and hence, TFP growth, has been a crucial development Neoclassical economics. This notwithstanding, critique (and alternative to) advanced by Pasinetti (1959) not equally acknowled...