Faithin Omaha eBook Collection

This volume reviews the literature on productivity growth and relates it to the production function approach to technological change.

TFP is interpreted in the literature in different, mutually contradictory ways. Changes in TFP are shown to measure not technological change, only the super-nor

First Published in 1987. Routledge is an imprint of Taylor & Francis, an informa company.

Total-factor productivity (TFP) is a variable which accounts for effects in total output not caused by traditionally measured inputs of labour and capital. If a