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 …

to total factor productivity (TFP) for North-North and North-South trade-related knowledge diffusion, with quantity … can obtain larger productivity gains from trade liberalization than previously thought. …

total factor productivity (TFP) in the South. Specifically, it examines the impact on TFP in the Republic of Korea, Mexico …-level data, they find that (1) technology diffusion and productivity gains tend to be regional: Korea benefits mainly from trade …