The Solow Residual, Domar Aggregation, and Inefficiency: A Synthesis of TFP Measures

Thijs ten Raa and Victoria Shestalova

Chapter 2 in Efficiency and Input-Output Analyses:Theory and Applications, 2021, pp 23-38 from World Scientific Publishing Co. Pte. Ltd.

Abstract: We consolidate and interrelate the four main approaches to the measurement and decomposition of total factor productivity growth, namely Solow’s residual analysis, the index number approach, Data Envelopment Analysis, and Domar aggregation. Two new results link the general technology TFP growth measure to the industry Solow residuals and inefficiency.

Keywords: Efficiency; Input-Output; Benchmarking; Performance Measurement; TFP; Environmental Policy Analysis; Mark-ups; Consumer Surplus; CES Demand; Linkages; Heckscher-Ohlin Trade Flows; Leontief (search for similar items in EconPapers)
JEL-codes: C67 D O12 (search for similar items in EconPapers)
Date: 2021
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Journal Article: The Solow residual, Domar aggregation, and inefficiency: a synthesis of TFP measures (2011)
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