Partial versus Total Factor Productivity Measures: An Assessment of their Strengths and Weaknesses
A partial productivity measure relates output to a single input. Total factor productivity (or TFP) relates an index of output to a composite index of all inputs. This article reviews the strengths and weaknesses of each type of productivity measure from theoretical and methodological perspectives....
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| Format: | Article |
| Language: | English |
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Centre for the Study of Living Standards
2016-09-01
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| Series: | International Productivity Monitor |
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| Online Access: | http://www.csls.ca/ipm/31/murray.pdf |