Fuentes, J. Rodrigo; Morales, Marco - In: Macroeconomic Dynamics 15 (2011) 02, pp. 145-159
Despite the important role that total factor productivity (TFP) has played in the growth literature, few attempts have been made to change the methodology to estimate it. This paper proposes a methodology based on a state-space model to estimate TFP and its determinants. With this methodology,...