Results 11 to 20 of about 1,209,102 (294)
INCENTIVE CONTRACTS AND TOTAL FACTOR PRODUCTIVITY* [PDF]
International Economic Review, 2006 We propose a transactions cost theory of total factor productivity (TFP). In a world with asymmetric information and transactions costs, productivity must be induced by incentive schemes. Labor contracts trade off marginal benefits and costs of effort.
Demougin, Dominique M., Bental, Benjamin
core +8 more sources
Taylor-Type Rules and Total Factor Productivity [PDF]
Review, 2012 This paper examines the impact of a persistent shock to the growth rate of total factor productivity in a New Keynesian model in which the central bank does not observe the shock. The authors then investigate the performance of alternative policy rules in such an incomplete information environment.
William T. Gavin +2 more
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Total factor productivity: an unobserved components approach [PDF]
Applied Economics, 2008 This work examines the presence of unobserved components in the time-series of total factor productivity (TFP), which is an idea central to modern Macroeconomics. The main approaches in both the study of economic growth and the study of business cycles rely on certain properties of the different components of the time-series of TFP.
Raul Crespo
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Total factor productivity - a misleading concept
PSL Quarterly Review, 2012 The paper criticises the concept of total factor productivity as a measure of technical change and economic performance on two grounds: (i) theoretical, because it shares all the weaknesses of the neoclassical production function from which it is ...
Angelo Reati
doaj +1 more source
Frontiers in Psychology, 2022 To encourage the building of a development route for ecological civilization construction which commensurates with China’s unique national conditions, early demonstration and pilot ecological civilization zones should be built.
Yushan Li +4 more
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Total Factor Productivity Growth When Factors of Production Generate Environmental Externalities [PDF]
SSRN Electronic Journal, 2009 Total factor productivity growth (TFPG) has been traditionally associated with technological change. We show that when a factor of production, such as energy, generates an environmental externality in the form of CO₂ emissions which is not internalized because of lack of environmental policy, then TFPG estimates could be biased.
Vouvaki, Dimitra, XEPAPADEAS, Anastasios
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Unpacking Total Factor Productivity on Dairy Farms Using Empirical Evidence
Agriculture, 2022 This study examines the farm-level factors that influence differences in total factor productivity (TFP) on dairy farms. To this end, a fixed-effects regression approach is applied to panel data for dairy farms obtained from the Farm Accountancy Data ...
Kehinde Oluseyi Olagunju +3 more
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OUTPUT EXTERNALITIES ON TOTAL FACTOR PRODUCTIVITY [PDF]
Macroeconomic Dynamics, 2016 The impact that output has on future total factor productivity is not internalized by competitive agents. As a result, the allocation that a planner would choose cannot be reached as a competitive equilibrium outcome (neither for infinitely lived agents nor for overlapping generations): the market remuneration to capital and labor is too low.
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Partial versus Total Factor Productivity Measures: An Assessment of their Strengths and Weaknesses [PDF]
International Productivity Monitor, 2016 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
Alexander Murray
doaj
The Drivers of the Total Factor Productivity
Статистика України, 2019 The Total Factor Productivity (TFP) is now widely recognized as an important factor in both long-term economic growth and short-term growth fluctuations. Researchers of the International Monetary Fund came to the conclusion that the growth of the TFP was
T. K. Kvasha
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