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In this paper the Stochastic Frontier approach was used for the estimation and decomposition of manufacturing TFP growth in 14 EU member countries, drawing upon the EU-KLEMS database. This study identifies some key issues: in the period 1970-2005, the TFP rate of change in the EU manufacturing...
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championed on grounds of improving productivity, efficiency, and competitiveness. In a developing economy this is a costly … proposition due to capital scarcity, and the effect of technological changes on productivity and efficiency levels have to be … estimated before taking such policies. This paper seeks to estimate trends in Factor Productivity, Technological Progress, and …
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