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Partial Versus Total Factor Productivity
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Book Synopsis Partial Versus Total Factor Productivity by :
Download or read book Partial Versus Total Factor Productivity written by and published by . This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 report discusses the strengths and weaknesses of each type of productivity measure from theoretical and methodological perspectives. Different productivity measures may be useful for different analytical purposes, and no single measure provides a complete picture of an industry's productivity performance.
Book Synopsis Partial versus Total Factor Productivity Measures: An Assessment of their Strengths and Weaknesses by : Murray
Download or read book Partial versus Total Factor Productivity Measures: An Assessment of their Strengths and Weaknesses written by Murray and published by . This book was released on with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Partial Versus Total Factor Productivity by : Alexander Murray
Download or read book Partial Versus Total Factor Productivity written by Alexander Murray and published by . This book was released on 2016 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 report discusses the strengths and weaknesses of each type of productivity measure from theoretical and methodological perspectives. Different productivity measures may be useful for different analytical purposes, and no single measure provides a complete picture of an industry's productivity performance.
Book Synopsis Different approaches for estimation of total factor productivity by : Veerabhadrappa Bellundagi
Download or read book Different approaches for estimation of total factor productivity written by Veerabhadrappa Bellundagi and published by Amazon Publishers, USA. This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 all inputs are accounted for, then total factor productivity can be taken as a measure of an economy’s long-term technological change or technological dynamism, scale of economies and efficiency.TFP is regarded as the more accurate productivity measure than the partial productivity measure. The broader the coverage of resources, the better is the productivity measure. The best measure is one that compares output with the combined use of all resources” (Chandel, 2007). TFP is the change in output relative to a weighted combination of all inputs, where the weights are factor shares. Some authors also define TFP as contribution of non-traditional inputs to output. For example non inputs were technology, irrigation, infrastructure, managerial skills and so on.The calculated TFP is decomposed in to a) Scale of economies b) Technical change and c) Residual or Efficiency or Management to know the contribution of non-conventional inputs to the output growth.There are different approaches for estimation of TFP, such as Production function approach, Growth accounting approach and Non-Parametric approach.World ScenarioCoelli, et al., 2003, conducted a study on Total Factor Productivity growth in Agriculture: A Malmquist index analysis of 93 Countries. The results shown that, Asia as a region posted the highest TFP growth of 2.9 percent followed by North America (consisting of USA and Canada), Australasia, Europe, Africa and South America. South America has posted the lowest growth rate of 0.6 per cent followed by Africa with 1.3 per cent growth in TFP. A surprising result is that over the period 1980-2000. The results on continent-level information for six regions revealed that, the largest difference occurs for South and Central America, where the average TFP growth measure increases from 0.6 percent to 1.5 per cent per annum.Country ScenarioChand et al., 2011, estimated average annual TFP growth for the major crops cultivated in India. Among cereals, wheat experienced the highest growth in TFP index during the three decades from 1975 to 2005. Among pulses, the TFP growth was estimated to be 0.5 per cent for moong, followed by gram (0.2 per cent). TFP for Arhar and Urad crops displayed a decline over the past three decades. The TFP is a useful indicator of changes in long-term productivity. The TFP growth (TFPG) in the oilseed sector varied in the range 0.7-0.8 per cent per annum.An attempt was made to analyze the TFP of ragi in Karnataka. The results shown that, TFP for ragi increased from 1.17 during 1999 to 1.81 in 2013. The TFP fell to 0.61 in 2011 and 0.67 in 2008 due to drought during that period. The highest TFP index was observed in 2007-08 (2.18). The average TFP index for 15 years was 1.12.The output index of ragi increased from 1.40 in 1999 to 1.79 in 2013. The average input index of ragi was 1.14 for fifteen years.Suresh, K. 2013, conducted a study on Economic impact of public sector agricultural research in ragi and redgram in Karnataka. The results revealed that, the Total Factor Productivity index of redgram grew at the rate of 3.31 per cent per annum and that of ragi grew at 4.75 per cent per annum. Thus, Public research significantly contributed to TFP growth in ragi.ConclusionTotal factor productivity can be estimated by different approaches. In growth accounting approach the tornqvist-thiel index is commonly used which is based on translog production function. The TFP decomposition analysis helps to identify factors which influence the total factor productivity growth. The results of the decomposition analysis indicate which variable contribute to growth in productivity. This will enable policy makers to suggest plan and programmes to achieve total factor productivity growth.
Book Synopsis Measuring Total Factor Productivity, Technical Change and the Rate of Returns to Research and Development by : Sang V. Nguyen
Download or read book Measuring Total Factor Productivity, Technical Change and the Rate of Returns to Research and Development written by Sang V. Nguyen and published by . This book was released on 1991 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis New Developments in Productivity Analysis by : Charles R. Hulten
Download or read book New Developments in Productivity Analysis written by Charles R. Hulten and published by University of Chicago Press. This book was released on 2007-11-01 with total page 648 pages. Available in PDF, EPUB and Kindle. Book excerpt: The productivity slowdown of the 1970s and 1980s and the resumption of productivity growth in the 1990s have provoked controversy among policymakers and researchers. Economists have been forced to reexamine fundamental questions of measurement technique. Some researchers argue that econometric approaches to productivity measurement usefully address shortcomings of the dominant index number techniques while others maintain that current productivity statistics underreport damage to the environment. In this book, the contributors propose innovative approaches to these issues. The result is a state-of-the-art exposition of contemporary productivity analysis. Charles R. Hulten is professor of economics at the University of Maryland. He has been a senior research associate at the Urban Institute and is chair of the Conference on Research in Income and Wealth of the National Bureau of Economic Research. Michael Harper is chief of the Division of Productivity Research at the Bureau of Labor Statistics. Edwin R. Dean, formerly associate commissioner for Productivity and Technology at the Bureau of Labor Statistics, is adjunct professor of economics at The George Washington University.
Book Synopsis Bridging the Gap Between Partial and Total Factor Productivity Measures Using Directional Distance Functions by : Alejandro Nin
Download or read book Bridging the Gap Between Partial and Total Factor Productivity Measures Using Directional Distance Functions written by Alejandro Nin and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Technical dependencies as well as data constraints limit our ability to allocate inputs across sectors and hence our ability to measure sectoral productivity. We adapt a directional measure of efficiency to the measurement of sector-specific productivity that does not require allocating all inputs across sectors. Applied to the agricultural sector of a group of countries, the results show important differences in livestock and crops productivity growth. Commonly used partial factor productivity measures for livestock and crops tend to overestimate productivity growth in most developing countries while underestimating it in European countries.
Book Synopsis Bridging the Gap Between Partial and Total Factor Productivity Measures Using Directional Distance Functions by : Alejandro Nin Pratt
Download or read book Bridging the Gap Between Partial and Total Factor Productivity Measures Using Directional Distance Functions written by Alejandro Nin Pratt and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Technical dependencies as well as data constraints limit our ability to allocate inputs across sectors and hence our ability to measure sectoral productivity. We adapt a directional measure of efficiency to the measurement of sector-specific productivity that does not require allocating all inputs across sectors. Applied to the agricultural sector of a group of countries, the results show important differences in livestock and crops productivity growth. Commonly used partial factor productivity measures for livestock and crops tend to overestimate productivity growth in most developing countries while underestimating it in European countries.
Book Synopsis Handbook on Hedonic Indexes and Quality Adjustments in Price Indexes Special Application to Information Technology Products by : Triplett Jack
Download or read book Handbook on Hedonic Indexes and Quality Adjustments in Price Indexes Special Application to Information Technology Products written by Triplett Jack and published by OECD Publishing. This book was released on 2006-09-21 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Price indexes can be constructed using a “hedonic method” that adjusts for changes in the quality of a product. This handbook sets out best practice for constructing hedonic indexes.
Book Synopsis The Review of Economic Performance and Social Progress 2002 by : Institute for Research on Public Policy
Download or read book The Review of Economic Performance and Social Progress 2002 written by Institute for Research on Public Policy and published by IRPP. This book was released on 2002 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: Topics covered include productivity concepts and trends, government fiscal balances and environmental sustainability, social determination of productivity, demographics, human capital and social diversity, social policy, inequality and productivity.
Book Synopsis The Oxford Handbook of Productivity Analysis by : Emili Grifell-Tatjé
Download or read book The Oxford Handbook of Productivity Analysis written by Emili Grifell-Tatjé and published by Oxford University Press. This book was released on 2018-08-07 with total page 857 pages. Available in PDF, EPUB and Kindle. Book excerpt: Productivity underpins business success and national well-being and thus it is crucial to understand the factors that influence productivity growth. This volume provides a comprehensive exploration into the significance of productivity growth for business, the economy, and for social economic progress. It examines how productivity is defined, measured and implemented. It also surveys the dispersion of productivity across time and place, focusing on the productivity dynamics that either leads to a reallocation of resources that reduces dispersion and increases aggregate productivity or, conversely, allows dispersion to persist behind barriers to productivity-enhancing reallocation. A third focus is an investigation of the drivers of, or impediments to, productivity growth, some of which are organizational in nature and under management control and others of which are institutional in nature and subject to public policy intervention. The Oxford Handbook of Productivity Analysis contains contributions of distinguished productivity experts from around the world who analyze a wide range of timely issues. These issues concern purely analytical topics surrounding the measurement of productivity in various situations, beginning with the ideal situation in which all inputs and all outputs, and their prices, are observed accurately. They also include service sectors such as education in which the services provided are hard to define, much less measure, and other sectors that generate undesirable environmental externalities that are difficult to price and complicate the very definition of productivity. The issues also involve business management topics ranging from the role of business models and benchmarking to the quality of management practices, the adoption of new technologies, and possible complementarities between the two. The relationship between productivity and business performance is also explored. At a more aggregate level the issues range from the impacts of market power, incentive regulation, international trade and global value chains on productivity, to the contribution of productivity to economic development and economic welfare.
Book Synopsis Productivity Measurement and Analysis by : OECD
Download or read book Productivity Measurement and Analysis written by OECD and published by OECD Publishing. This book was released on 2009-04-28 with total page 556 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presents the proceedings of two workshops on productivity measurement and analysis, which brought together representatives of statistical offices, central banks and other officials involved with the analysis and measurement of productivity at aggregate and industry levels.
Book Synopsis An Analysis of Total Factor Productivity with an Application to Australian National by : D. Brunker
Download or read book An Analysis of Total Factor Productivity with an Application to Australian National written by D. Brunker and published by . This book was released on 1991 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Tests of Total Factor Productivity Measurement by :
Download or read book Tests of Total Factor Productivity Measurement written by and published by . This book was released on 1988 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Estimating Changes in Trend Growth of Total Factor Productivity by : Mark W. French
Download or read book Estimating Changes in Trend Growth of Total Factor Productivity written by Mark W. French and published by . This book was released on 2001 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Total Productivity Management (TPmgt) by : David J. Sumanth
Download or read book Total Productivity Management (TPmgt) written by David J. Sumanth and published by CRC Press. This book was released on 1997-10-27 with total page 428 pages. Available in PDF, EPUB and Kindle. Book excerpt: Poised to influence innovative management thinking into the 21st century, Total Productivity Management (TPmgt), written by one of the pioneers of productivity management, has been a decade in the making. This landmark publication is the most extensive book available on the subject of total productivity management. At a time when downsizing and layoffs are the norm, this innovative and highly organized book shows you how to treat human resource situations with a caring, customer-oriented, yet competitive attitude through integration of technical and human dimensions. This book makes use of a set of proven models and provides a systematic framework and structure to link total productivity to an organization's profitability. Total Productivity Management describes the tasks required of all constituents in an understandable format that they can relate to and by which regards can be realized for performance in all resource categories including direct labor, administrative staff, managers, professional personnel, materials, liquid assets, technologies, energy, and other areas.
Book Synopsis Long-Term Factors in American Economic Growth by : Stanley L. Engerman
Download or read book Long-Term Factors in American Economic Growth written by Stanley L. Engerman and published by University of Chicago Press. This book was released on 2007-11-01 with total page 898 pages. Available in PDF, EPUB and Kindle. Book excerpt: These classic studies of the history of economic change in 19th- and 20th-century United States, Canada, and British West Indies examine national product; capital stock and wealth; and fertility, health, and mortality. "A 'must have' in the library of the serious economic historian."—Samuel Bostaph, Southern Economic Journal
