Alternative Measures of Total Factor Productivity Growth

T. Ten Raa; V. Shestalova

Alternative Measures of Total Factor Productivity Growth

T. Ten Raa
, V. Shestalova

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Abstract

The 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.

Original language	English
Place of Publication	Tilburg
Publisher	Macroeconomics
Number of pages	22
Volume	2006-54
Publication status	Published - 2006

Publication series

Name	CentER Discussion Paper
Volume	2006-54

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 8 Decent Work and Economic Growth

Keywords

TFP
Solow residual
Index numbers
Input-output
DEA

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title = "Alternative Measures of Total Factor Productivity Growth",

abstract = "The 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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AU - Ten Raa, T.

AU - Shestalova, V.

N1 - Subsequently published in the Journal of Productivity Analysis (2011) Pagination: 22

PY - 2006

Y1 - 2006

N2 - The 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.

AB - The 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.

KW - TFP

KW - Solow residual

KW - Index numbers

KW - Input-output

KW - DEA

M3 - Discussion paper

VL - 2006-54

T3 - CentER Discussion Paper

BT - Alternative Measures of Total Factor Productivity Growth

PB - Macroeconomics

CY - Tilburg

ER -

Alternative Measures of Total Factor Productivity Growth

Abstract

Publication series

UN SDGs

Keywords

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