Total factor productivity
id:
total-factor-productivity-205-5750204
title:
Total factor productivity
text:
In economics, total-factor productivity (TFP), also called multi-factor productivity, is usually measured as the ratio of aggregate output to aggregate inputs. Under some simplifying assumptions about the production technology, growth in TFP becomes the portion of growth in output not explained by growth in traditionally measured inputs of labour and capital used in production. TFP is calculated by dividing output by the weighted geometric average of labour and capital input, with the standard w
brand slug:
wiki
category slug:
encyclopedia
description:
Ratio of aggregate output to inputs
original url:
https://en.wikipedia.org/wiki/Total_factor_productivity
date created:
2005-05-17T18:00:35Z
date modified:
2024-09-10T07:40:36Z
main entity:
{"identifier":"Q1936153","url":"https://www.wikidata.org/entity/Q1936153"}
image:
fields total:
13
integrity:
15