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This chapter covers the theory and methods for productivity measurement for nations. Labor, multifactor and total … factor productivity measures are defined and are related to each other and to gross domestic product (GDP) per capita. Their … factor productivity growth (TFPG) index. These are easiest to understand for the case in which the index number problem is …
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We show theoretically and empirically that standard methods give downward biased estimates of productivity growth if … technical change is factor-biased. We show how to correct for this bias and construct more reliable measures of the productivity …-CES productivity database for the United States over the years 1958–2011. The bias is especially large in the last decade, making our …
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into the topic of productivity definition and measurement from a Classical perspective, as opposed to a more traditional …This special issue of PSL Quarterly Review is devoted to the Solow-Pasinetti debate on productivity and technological … features of a bifurcation that would later distinguish two competing approaches to growth theory. Ariel Wirkierman delves deep …
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