Profits and total factor productivity: A comparative analysis
This paper analyses some of the approaches that explain the variation in profits based on the concept of total factor productivity (TFP), using the framework of the neoclassical theory of production. In this field different explanatory decompositions of the variation in profits have been suggested. These are based on mathematical expressions that quantify different effects on the profit variations, such as the TFP and the price recovery. We will analyse alternative proposals for the decomposition of profit variations over time, using a common framework which draws on Solow's concept of technical change. We introduce the notionof "duality" among TFP measures which allows us to show that several decompositions of the profit variations suggested in the literature are in fact 'dual' to each other and therefore they measure the same thing.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 20 (1992)
Issue (Month): 5-6 ()
|Contact details of provider:|| Web page: http://www.elsevier.com/wps/find/journaldescription.cws_home/375/description#description|
|Order Information:|| Postal: http://www.elsevier.com/wps/find/supportfaq.cws_home/regional|
When requesting a correction, please mention this item's handle: RePEc:eee:jomega:v:20:y:1992:i:5-6:p:553-568. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Shamier, Wendy)
If references are entirely missing, you can add them using this form.