Estimating Total Factor Productivity Change When No Price or Value-Share Data are Available

C.J. O’Donnell
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C.J. O’Donnell: School of Economics, The University of Queensland
Authors registered in the RePEc Author Service: Christopher John O'Donnell

No WP012017, CEPA Working Papers Series from University of Queensland, School of Economics

Abstract: Total factor productivity (TFP) is a measure of total output divided by a measure of total input. A TFP index is a measure of total output change divided by a measure of total input change (i.e., an output index divided by an input index). It is common to compute output and input index numbers using formulas that combine quantity data with either price or value-share data. Examples include the well-known Fisher and To ̈rnqvist indices. This paper explains how output and input index numbers (and there- fore TFP index numbers) can be computed using quantity data only. It draws heavily on O’Donnell (2012, 2014, 2016).

Date: 2017-01
New Economics Papers: this item is included in nep-eff
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Persistent link: https://EconPapers.repec.org/RePEc:qld:uqcepa:118

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