Search results with tag "Total factor productivity"
THE MEASUREMENT OF AGGREGATE TOTAL FACTOR …
www2.econ.iastate.eduproductivity as characterized by total factor productivity (TFP) and total factor productivity growth (TFPG). Index number methods are the mainstay methodology for estimating national productivity. Different conceptual meanings have been proposed for a TFPG index. The
The Concept of Productivity
www.erpublication.orgmacroeconomics Total Factor Productivity TFP or Multi Factor Productivity MFP. Productivity is a crucial factor in production performance of firms and nations. Increasing national productivity can raise ... approach has led, it is claimed (Minzberg (1982)), to "the maximization of efficiency as a value".
A manual for measuring total factor productivity in ...
data.daff.gov.aurun productivity performance of the agriculture industry as a whole. The total factor productivity (TFP) index is widely used to measure productivity because it provides a measure of how efficiently farmers combine all inputs to produce output. To measure TFP, researchers usually aggregate various outputs (for example, crop and livestock products)
The Impact of Globalization on Total Factor Productivity ...
www.ukm.my410 Noorasiah Sulaiman, Rahmah Ismail, Siti Hajar Ton Zainal Abidin There are number of studies that analyze the impact on the productivity/total factor productivity (TFP). Although many studies examine the impact on productivity/TFP, the studies
What is the impact of mobile telephony on economic ... - GSMA
www.gsma.compenetration on a country’s Total Factor Productivity, a measure of economic productivity that often reflects an economy’s long-term technological dynamism: • A 10 per cent increase in mobile penetration increases Total Factor Productivity in the long run by 4.2 percentage points. The impact of mobile telephony on economic growth: key findings
Measuring the total factor productivity for international ...
jarssh.comThe purpose of this paper is to measure the Total Factor Productivity of ports in three countries. Comparing the productivity concept is crucial since it allows us to understand the nature of modern economic development.
Table Of KPIs
www.oaa-cpa.com1.Productivity rate 2.Time to market . 3.Investment in R&D . ADDRESSING THREATS: those that are providing an ... These become your KPIs for measuring how the process is going. ... • Total productivity factor (outputs/inputs) • Total quantities produced or total hours billed . …
The Challenge of Total Factor Productivity Measurement
www.csls.caThe total factor productivity of a firm, industry or group of industries is defined as the real output produced by the firm or industry over a period of time divided by the real input used by the same set of production units over the same time period.
U.S. Total Factor Productivity Slowdown: Evidence from the ...
www.imf.orgTotal factor productivity (TFP) growth began slowing in the United States in the mid-2000s, before the Great Recession. To many, the main culprit is the fading positive impact of the
Explaining Economic Growth: Factor Accumulation, Total ...
smiller.faculty.unlv.eduquality of factors or total factor productivity growth in explaining output growth. The quality of capital positively and significantly affects output growth in all groups. The quality of labor, however, only possesses a positive and significant effect on output growth in Africa, East Asia,
The Impact of Infrastructure on Agricultural Productivity
dirp4.pids.gov.phdeterminants of agricultural productivity. This is consistent with a related finding on the ... economies is an important factor behind their successful integration into the global economy. ... Inv. = Investment; SEM = simu ltaneous equation model; TFP = total factor productivity. (2) – indicates that data are not available. (3) The ...
Explaining Total Factor Productivity - Business School
www.business.unsw.edu.auaveraged about 1.09% per year. While this is useful information, it tells us nothing about the nature of technological change, and whether it benefitted capital or labor, or both. 3. The production function approach: Four views of total factor productivity Assume that the aggregate technology can be represented by the following two-input, one-
Climate Change, Total Factor Productivity, and the ...
www.rff.orgClimate Change, Total Factor Productivity, and the Tanzanian Economy A Computable General Equilibrium Analysis Mintewab Bezabih, Muyeye Chambwera, and Jesper Stage . Environment for Development The Environment for Development (EfD) initiative is …
Estimating changes in trend growth of total factor ...
www.federalreserve.govtrend component of total factor productivity, in an attempt to find a “real-time” method that performs well in evaluating historical data and can be used as a guide to the current – and possibly future – trend in the economy’s productive potential.
Agricultural productivity in Kenya: barriers and opportunities
assets.publishing.service.gov.ukHistorical analysis of agricultural total factor productivity in sub-Saharan Africa shows that Kenya was one of the few countries to record steady, if modest, long-term growth between 1961 and 2008 (Fuglie and Rada, 2013, pp. 15, 37). However, there are concerns that productivity is
What’s Happening to Productivity Growth? - Brookings
www.brookings.eduWhat’s Happening to Productivity Growth? Key Macro Trends and Patterns Karim Foda January 13, 2017. Motivation •GDP growth is slowing down around ... Total Factor Productivity Growth.
IS AUTOMATION LABOR-DISPLACING? PRODUCTIVITY …
www.nber.orgtotal factor productivity (TFP) that are common across countries. We find that automation displaces employment and reduces labor's share of value-added in the industries in which it originates (a direct effect). In the case of employment, these own-industry losses are reversed by
Growth and economic crises in Turkey leaving behind a ...
ec.europa.euand what lessons the authorities drew from the 2000-01 crisis. This scene-setter leads on to a ... The low productivity growth and ... and low growth of total factor productivity (TFP), which has not gained any ground relative to the US. They suggest that these are the result of economic policies such as heavy
CHAPTER 5 ECONOMIC DIVERSIFICATION: LESSONS FROM …
www.wto.orgresources across industries and within industries between firms to increase total factor productivity). The ... The share of agriculture in total employment has been shrinking across all country income groups. Globally, it has con-tracted by close to a third, from 44 per cent in 1991 to 28 per cent in 2018, with the largest contribution ...
THE KNOWLEDGE ECONOMY, THE KAM METHODOLOGY …
documents1.worldbank.orgits determinants. A major reason is the widespread belief that economic growth due to rapid factor accumulation is subject to diminishing returns, and hence is not sustainable. Recently, there has been a growing interest in the contribution of knowledge to total factor productivity growth, and conse-
Cost Effectiveness and Productivity KPIs
www.eurocontrol.intregression analysis and total factor productivity should also be used to provide a richer and fairer picture of performance and give further insight, but such tools will require further study. In this context, full information disclosure should be encouraged in order to throw light on
Why is Africa Poor? - Harvard University
scholar.harvard.eduLet L be the total stock of land and N be the black workforce. Denote w b the living standards of Africans before land expropriation and w a the level afterwards. Assume (improbably) that Africans are paid the value of their marginal product. Prior to land expropriation we have w b = α AN 1 α L α 1 (1) where A is total factor productivity ...
Green Revolution: Impacts, limits, and the path ahead
www.pnas.orgimpact of the GR varieties on rice yields, with China and other Asian regions expe-riencing stronger yield growth in the sub-sequent decades (19). Similar yield trends were observed for wheat and maize in Asia (20). Analysis of agricultural total factor productivity (TFP) finds similar trends to the partial productivity trends captured by
SOCIAL AND ECONOMIC IMPACT OF THE AUTOMATED …
www.itu.intExhibit 1. United States: Sources of Aggregate Total Factor Productivity Growth Source: Jorgensen, D. et al. (2006) Productivity Growth in the New Millennium and its Industry Origins 1 Solow, R. “We’d better watch out”, New York Times, July 12, 1987, p. 36 -0.40-0.20 0.00 0.20 0.40 0.60 0.80 1.00 1.20
Analysis of Economic Growth in Kenya: Growth Accounting ...
www.jbmae.scientificpapers.orgthat total factor productivity is influenced by openness of the economy as well institutions and terms of trade with elasticities being 0.3136, -0.3822 and -0.3352 respectively. From this analysis, it can be concluded that the Kenyan economy
Economic Policy - World Bank Group
www1.worldbank.orgSeptember 2000 number 42 Economic Policy Gains in total factor productivity (TFP), reflecting more efficient use of inputs, have long been recognized as an important
DIGITAL ECONOMY DEVELOPMENT IN CHINA (2020)
www.caict.ac.cntranscended the category of information and communication industry department, and should fully realize that digital technology, as a general purpose technology, had been widely used in all sectors of the economy and the society to promote economic growth and increase total factor productivity and open up new space for economic growth.
The Impact of COVID on Potential Output
www.frbsf.orghave probably been the most important determinants of changes in potential output. 3 total factor productivity (TFP). Labor supply is held back by child care demands and other sources. Investment has fallen, which hits the economy’s productive capacity; and much of the apparent strength in investment in
The rise and decline of the Soviet ... - University of Utah
content.csbs.utah.eduthat of the other inputs.The slowdown in accumulation was not due to a drop in the investment rate, which continued to rise, but to the decline in GDP growth. Most dramatically, total factor productivity growth went negative. This result is quite controversial, as we will see, since it presumes a Cobb-Douglas production func-tion, which is ...
C Impact of technology on labour market outcomes
www.wto.org(partial) displacement of older technology (vertically integrated producers) with a new production process (the minimill) was responsible for over one-third of the increase in the industry’s total factor productivity, or 38 per cent in the period 1963 to 2002. Shifts to energy-efficient technology may increase workers’
HUMAN DEVELOPMENT AND ECONOMIC GROWTH
www.econ.yale.eduquantitative approach to combining various socio-economic indicators into a measure of human development (UNDP 1990). This was in contrast to the perceived prevailing ... and foreign investment and the rates of total factor productivity will undoubtedly be higher when a system's human capital level is higher.
Total factor productivity final - prc.gov
www.prc.govTotal factor productivity, sometimes called multifactor productivity, is a comprehensive measure of economic efficiency. The earliest total factor productivity studies were designed to understand the
Factors Influencing the Total Factor Productivity Growth ...
www.iosrjournals.orgof maize total factor productivity growth, research and development spending, net value of production, fertilizer price and labor were identified to have a significant influence on total factor productivity …
Total Factor Productivity Across the Developing World
documents.worldbank.orgTotal Factor Productivity Across the Developing World Federica Saliola and Murat Seker T otal factor productivity (TFP) is a crucial measure of efficiency and thus an important indicator for policymakers. Using micro level data from manufacturing industries in 80
Total factor productivity : Lessons from the past and ...
www.nbb.beTotal factor productivity (TFP; or multi factor productivity) growth is derived by calculating the growth in domestic output unexplained by the growth in all inputs in the production process, not just labor. 3 In practice, TFP mostly refers to
TOTAL FACTOR PRODUCTIVITY DETERMINANTS IN …
www.jopafl.comtotal factor productivity is, at the same time, both a most important measure of the efficiency of an economy, but also a complex indicator, determined by less observable factors, we aim, further, to analyse the way some of the major determinants revealed in
Total factor productivity of the UK agriculture industry ...
assets.publishing.service.gov.ukTotal factor productivity is a measure of how well inputs are converted into outputs giving an indication of the efficiency and competitiveness of the agriculture industry. While external factors such as weather conditions or disease outbreaks may have short term impact on
Total Factor Productivity Growth in Historical Perspective
www.cbo.govand is referred to as total factor productivity (TFP) growth. 1. Over the past century or more, gains in TFP have accounted for well over half the growth in measured U.S. labor productivity (output per hour of work)—that is, they have contributed more to the measured growth of labor
Total Factor Productivity and Labor Reallocation: the Case ...
www.economicdynamics.org1 Introduction In the aftermath of the economic crisis in Korea in 1997, detrended total factor productivity (TFP), net of changes in capital utilization, fell by 3.3% percent.
Total Factor Productivity Revisited: A Dual Approach to ...
www.imf.orgTOTAL FACTOR PRODUCTIVITY REVISITED 83 2001; Easterly and Levine, 2001). If this is indeed the case, or if the role of TFP is even a fraction as important as the consensus suggests, a …
Total Factor Productivity, Saving Rate and Learning-by ...
www.parisschoolofeconomics.euTotal Factor Productivity, Saving Rate and Learning-by-Doing in Growth Process Cuong Le Van, Tu-Anh Nguyeny March 19, 2009 Abstract In transitional stage saving rate play an important role in output
PRODUCTIVITY GROWTH IN THE INDUSTRIAL REVOLUTION
www.frbsf.orgresults obtained in recent analyses have suggested that total factor productivity (TFP) growth was quite modest in the decades following the cluster of major inventions (steam engine, spinning mule, puddling etc.) that are identified with the onset of faster industrial growth and much less in the early nineteenth century than was once believed.
Similar queries
Total factor, PRODUCTIVITY, Total factor productivity, Factor productivity, Factor, Approach, For measuring total factor productivity, Measuring the total factor productivity, Measuring, Total productivity factor, Total, Total Factor Productivity Slowdown: Evidence from, Infrastructure, Determinants, Information, Technology, Climate Change, Total factor productivity, in, What’s Happening to Productivity Growth, Turkey, Lessons, Agriculture, Africa, Green Revolution: Impacts, limits, and the, Rice, Wheat, Economic Policy, DIGITAL ECONOMY DEVELOPMENT IN CHINA 2020, Impact of COVID on Potential Output, Slowdown, Technology on labour market outcomes, Factors Influencing the Total Factor Productivity, T otal factor productivity, Total factor productivity : Lessons from the, TOTAL FACTOR PRODUCTIVITY DETERMINANTS IN, Total Factor Productivity and Labor Reallocation: the, Total Factor Productivity Revisited: A Dual Approach, Total Factor Productivity, Saving Rate and Learning