Measuring Growth in Total Factor Productivity
Gains in total factor productivity (TFP) reflecting more efficient use of inputs, have long been recognized as an important source of improvements in income and welfare. Cross-country differences in income levels and growth rates are mostly due to...
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| Format: | Brief |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2000/09/828348/measuring-growth-total-factor-productivity http://hdl.handle.net/10986/11423 |
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okr-10986-114232021-06-14T10:58:23Z Measuring Growth in Total Factor Productivity Ghosh, Swati R. Kraay, Aart TOTAL FACTOR PRODUCTIVITY ECONOMIC INDICATORS INPUT OUTPUT ANALYSIS PRODUCTION FUNCTIONS ECONOMETRICS AGGREGATE LEVEL AVERAGE ANNUAL GROWTH BASE YEAR CAPITAL STOCK CONSTANT RETURNS CONSTANT RETURNS TO SCALE DECREASING RETURNS DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS ECONOMIC MANAGEMENT ECONOMIC PERFORMANCE ECONOMIC POLICY ECONOMIC REFORMS ECONOMICS RESEARCH ELASTICITY ELASTICITY OF SUBSTITUTION FACTOR ACCUMULATION FACTOR PRICES GROWTH ASSUMPTIONS GROWTH PROCESS GROWTH RATE GROWTH RATES HUMAN CAPITAL IMPERFECT COMPETITION INCOME INCREASING RETURNS INCREASING RETURNS TO SCALE LABOR FORCE LABOR INPUT LONG RUN MACROECONOMICS OUTPUT GROWTH POLICY ISSUES POVERTY REDUCTION PRODUCTION FUNCTION PRODUCTIVITY GROWTH PUBLIC INVESTMENT REAL GDP RETURNS TO SCALE STRUCTURAL CHANGE TECHNICAL CHANGE TFP TOTAL FACTOR PRODUCTIVITY VALUE ADDED WAGES Gains in total factor productivity (TFP) reflecting more efficient use of inputs, have long been recognized as an important source of improvements in income and welfare. Cross-country differences in income levels and growth rates are mostly due to differences in productivity. Measuring TFP is therefore important in assessing countries' past and potential economic performance. But it is also difficult. This note discusses some of the difficulties using data for the Republic of Korea in 1960-70 for illustration. 2012-08-13T15:01:38Z 2012-08-13T15:01:38Z 2000-09 http://documents.worldbank.org/curated/en/2000/09/828348/measuring-growth-total-factor-productivity http://hdl.handle.net/10986/11423 English PREM Notes; No. 42 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
TOTAL FACTOR PRODUCTIVITY ECONOMIC INDICATORS INPUT OUTPUT ANALYSIS PRODUCTION FUNCTIONS ECONOMETRICS AGGREGATE LEVEL AVERAGE ANNUAL GROWTH BASE YEAR CAPITAL STOCK CONSTANT RETURNS CONSTANT RETURNS TO SCALE DECREASING RETURNS DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS ECONOMIC MANAGEMENT ECONOMIC PERFORMANCE ECONOMIC POLICY ECONOMIC REFORMS ECONOMICS RESEARCH ELASTICITY ELASTICITY OF SUBSTITUTION FACTOR ACCUMULATION FACTOR PRICES GROWTH ASSUMPTIONS GROWTH PROCESS GROWTH RATE GROWTH RATES HUMAN CAPITAL IMPERFECT COMPETITION INCOME INCREASING RETURNS INCREASING RETURNS TO SCALE LABOR FORCE LABOR INPUT LONG RUN MACROECONOMICS OUTPUT GROWTH POLICY ISSUES POVERTY REDUCTION PRODUCTION FUNCTION PRODUCTIVITY GROWTH PUBLIC INVESTMENT REAL GDP RETURNS TO SCALE STRUCTURAL CHANGE TECHNICAL CHANGE TFP TOTAL FACTOR PRODUCTIVITY VALUE ADDED WAGES |
| spellingShingle |
TOTAL FACTOR PRODUCTIVITY ECONOMIC INDICATORS INPUT OUTPUT ANALYSIS PRODUCTION FUNCTIONS ECONOMETRICS AGGREGATE LEVEL AVERAGE ANNUAL GROWTH BASE YEAR CAPITAL STOCK CONSTANT RETURNS CONSTANT RETURNS TO SCALE DECREASING RETURNS DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS ECONOMIC MANAGEMENT ECONOMIC PERFORMANCE ECONOMIC POLICY ECONOMIC REFORMS ECONOMICS RESEARCH ELASTICITY ELASTICITY OF SUBSTITUTION FACTOR ACCUMULATION FACTOR PRICES GROWTH ASSUMPTIONS GROWTH PROCESS GROWTH RATE GROWTH RATES HUMAN CAPITAL IMPERFECT COMPETITION INCOME INCREASING RETURNS INCREASING RETURNS TO SCALE LABOR FORCE LABOR INPUT LONG RUN MACROECONOMICS OUTPUT GROWTH POLICY ISSUES POVERTY REDUCTION PRODUCTION FUNCTION PRODUCTIVITY GROWTH PUBLIC INVESTMENT REAL GDP RETURNS TO SCALE STRUCTURAL CHANGE TECHNICAL CHANGE TFP TOTAL FACTOR PRODUCTIVITY VALUE ADDED WAGES Ghosh, Swati R. Kraay, Aart Measuring Growth in Total Factor Productivity |
| relation |
PREM Notes; No. 42 |
| description |
Gains in total factor productivity (TFP)
reflecting more efficient use of inputs, have long been
recognized as an important source of improvements in income
and welfare. Cross-country differences in income levels and
growth rates are mostly due to differences in productivity.
Measuring TFP is therefore important in assessing
countries' past and potential economic performance. But
it is also difficult. This note discusses some of the
difficulties using data for the Republic of Korea in 1960-70
for illustration. |
| format |
Publications & Research :: Brief |
| author |
Ghosh, Swati R. Kraay, Aart |
| author_facet |
Ghosh, Swati R. Kraay, Aart |
| author_sort |
Ghosh, Swati R. |
| title |
Measuring Growth in Total Factor Productivity |
| title_short |
Measuring Growth in Total Factor Productivity |
| title_full |
Measuring Growth in Total Factor Productivity |
| title_fullStr |
Measuring Growth in Total Factor Productivity |
| title_full_unstemmed |
Measuring Growth in Total Factor Productivity |
| title_sort |
measuring growth in total factor productivity |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2000/09/828348/measuring-growth-total-factor-productivity http://hdl.handle.net/10986/11423 |
| _version_ |
1764416680247689216 |