In this paper the Stochastic Frontier approach was used for the estimation and decomposition of manufacturing TFP …

countries and manufacturing industries over the period 2006-2012. In summary, patterns of measured revenue productivity have …-stressed countries (Belgium, Finland, France and Germany). In particular, measured revenue productivity drops for both groups by about 6 … productivity was accompanied by a substantial dip in the proxy we use for TFP in quantity terms, as well as by a strong reduction …

The growth rate of total factor productivity seems to have increased recently, at least in the United States. Higher US … productivity growth may justify higher stock market valuations than in the past and thus herald an emerging New Economy. However …, the size of the estimated growth rate of total factor productivity depends on an assumption about the factor …