Search results with tag "Explaining total factor productivity"

Explaining Total Factor Productivity - UNSW Business School

Explaining Total Factor Productivity “Needed: A Theory of Total Factor Productivity” Edward C. Prescott (1998) 1. Introduction Total Factor Productivity (TFP) has become the choice measure of productivity. TFP is often referred to as the Solow residual, and it is just that, namely a residual. Of course, TFP need

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