Meaning Total factor productivity
What does Total factor productivity mean? Here you find 7 meanings of the word Total factor productivity. You can also add a definition of Total factor productivity yourself
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Total factor productivityA measure of the output of an industry or economy relative to the size of all of its primary factor inputs. The term, and its acronym TFP, often refers to the growth of this measure, as measured by th [..]
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Total factor productivityTotal factor productivity is a synonym for Multi-factor productivity (MFP). The OECD productivity manual uses the MFP acronym to signal a certain modesty with respect to the capacity of capturing all [..]
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Total factor productivityDefinition A measure of the output of an industry or economy relative to the size of all of its primary factor inputs. The term, and its acronym TFP, often refers to the growth of this measure, as mea [..]
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Total factor productivityThe growth of real output beyond what can be attributed to increases in the quantities of labour and capital employed.
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Total factor productivityIn the post-World War II period ‘growth accounting’ became a popular field in macroeconomics. This branch of applied economics sought to measure the ...
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Total factor productivityTotal factor productivity (TFP) is the portion of output not explained by the amount of inputs used in production. This article sets out the measurement ...
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Total factor productivityGiven the macro model: Yt = ZtF(Kt,Lt), Total Factor Productivity (TFP) is defined to be Yt/F(Kt,Lt) Likewise, given Yt = ZtF(Kt,Lt,Et,Mt), TFP is Yt/F(Kt,Lt,Et,Mt) The Solow residual is a measure of [..]
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