Decomposing TFP growth in the presence of cost inefficiency, nonconstant returns to scale, and technological progress

Paul Bauer ()

No 8813, Working Paper from Federal Reserve Bank of Cleveland

Abstract: A decomposition of observed total factor productivity (TFP) growth that examines changes in returns to scale, cost efficiency, and technology and that develops several decompositions using production and cost frontiers.

Keywords: Productivity; Technology (search for similar items in EconPapers)
Date: 1988
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