A considerable literature has focused on the determinants of total factor productivity (TFP), prompted by the empirical … representative consumer is summarized by current and anticipated future Solow productivity residuals. The equivalence holds for any … parametrically. This result justifies total factor productivity as the right summary measure of welfare, even in situations where it …

: current and future total factor productivity and the capital stock per capita. These variables suffice to calculate welfare … production technology and the degree of market competition. It applies to open economies as well, if total factor productivity is … factor productivity be constructed with prices and quantities as perceived by consumers, not firms. Thus, factor shares need …

evidence on the productivity and equity impacts of such markets and the extent to which they realize their potential has been … on households' economic strategies and welfare, and the productivity of land use at the plot level. Although there are … a rough estimate of the productivity and equity impacts of removing them. …

Although transfer of agricultural land ownership through land reform had positive impacts on productivity, investment …