Are we in a productivity boom? Evidence from multifactor productivity growth

Paul Bauer ()

Economic Commentary, 1999, issue Oct

Abstract: Increased productivity could be the key to preserving robust, noninflationary GDP growth. But what is the best measure of productivity? This Economic Commentary explores the relationship between labor productivity and multifactor productivity, a measure that accounts for factors other than technological improvement. It concludes that MFP provides a better measure of productivity due solely to technical change.

Keywords: Technology; Labor productivity; Productivity (search for similar items in EconPapers)
Date: 1999
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