Alternative Measures of Total Factor Productivity Growth
AbstractThe four main approaches to the measurement of total factor productivity (TFP)-growth and its decomposition are (i) Solow's residual analysis, (ii) the Index Number Approach, (iii) Input-Output Analysis (IO), and (iv) Data Envelopment Analysis (DEA).The corresponding measures of TFP growth are based on different assumptions, which we expose and interrelate.The Solow Residual serves as the benchmark for our comparisons.The interrelationships between the alternative measures permit an interpretation of the differences among them.We consolidate the four alternative measures in a common framework.
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Bibliographic InfoPaper provided by Tilburg University, Center for Economic Research in its series Discussion Paper with number 2006-54.
Date of creation: 2006
Date of revision:
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Web page: http://center.uvt.nl
TFP; Solow residual; Index numbers; Input-output; DEA;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-07-02 (All new papers)
- NEP-CBA-2006-07-02 (Central Banking)
- NEP-EFF-2006-07-02 (Efficiency & Productivity)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Pirkko Aulin-Ahmavaara, 1999. "Effective Rates of Sectoral Productivity Change," Economic Systems Research, Taylor & Francis Journals, vol. 11(4), pages 349-363.
- Raa, T. ten, 2006. "The Theory of Benchmarking and the Measurement of Industrial Organization," Discussion Paper 2006-53, Tilburg University, Center for Economic Research.
- Burda, Michael C & Severgnini, Battista, 2010.
"Solow Residuals without Capital Stocks,"
CEPR Discussion Papers
7990, C.E.P.R. Discussion Papers.
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