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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 …
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: 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 …
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augmenting the role of capital, in combination with productivity gains, as a driver of agricultural growth. The results indicate … that total factor productivity increased at an average rate of 3.2 percent, accounting for 59 percent of overall growth …
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when allocating resources, and effort among income-producing activities, with consequences for productivity. The authors …
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shared characteristics, gains in productivity, and income differed significantly among the countries. The authors quantify … infrastructure, were important sources of productivity gains. They conclude that policies that ease constraints on factor markets …
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In Africa, most development strategies include efforts to improve the productivity of staple crops grown on smallholder … between productivity and scale to use surveys with a narrow geographic reach, when policy would be better served with studies … the inverse productivity hypothesis holds up well across a broad platform of data, despite obvious shortcomings with some …
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