Publication: Measuring Growth in Total Factor Productivity
Date
2000-09
ISSN
Published
2000-09
Author(s)
Abstract
Gains in total factor productivity (TFP)
reflecting more efficient use of inputs, have long been
recognized as an important source of improvements in income
and welfare. Cross-country differences in income levels and
growth rates are mostly due to differences in productivity.
Measuring TFP is therefore important in assessing
countries' past and potential economic performance. But
it is also difficult. This note discusses some of the
difficulties using data for the Republic of Korea in 1960-70
for illustration.
Citation
“Ghosh, Swati R.; Kraay, Aart. 2000. Measuring Growth in Total Factor Productivity. PREM Notes; No. 42. © World Bank, Washington, DC. http://openknowledge.worldbank.org/entities/publication/5b159361-0d17-560a-b4ee-dd3a3755abca License: CC BY 3.0 IGO.”