Labour or Total Factor Productivity: Do We Need to Choose?

Timothy C. Sargent () and Edgard Rodriguez ()

International Productivity Monitor, 2000, vol. 1, 41-44

Abstract: . In this article, as part of the symposium on total factor productivity, Timothy C. Sargent and Edgard R. Rodriquez of Finance Canada discuss the issue of the choice between labour and total factor productivity. They conclude that both measures have uses. For periods of less than a decade, labour productivity is the preferred measure, but for longer periods total factor productivity is superior. When capital stock estimates are of poor quality, it is better to use labour productivity.

Keywords: Total Factor Productivity; Labor Productivity; Productivity; Labour; Measurement; Capital Stock; Neoclassical Model; Growth; Data; Comparison; Growth Model (search for similar items in EconPapers)
JEL-codes: C80 D24 E13 O40 O41 O47 (search for similar items in EconPapers)
Date: 2000
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (19)

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