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standard productivity measures. TFPQ performs poorly because of variation in product specifications across firms. Controlling … for specifications aligns TFPQ with lab benchmarks. We also collect quality metrics to construct quality productivity (the …-dimensional productivity, or capability. As quality productivity is negatively correlated with TFPQ, TFPR may perform better at capturing …
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Besides to the usual Productivity indexes derived from the Labour (value-added) productivity ratio, public statistical … bodies pay also some attention, to a lesser extent, to ‘multi-factor productivity’ (mfp) indexes at sector and country level …
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