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New Developments in Productivity Analysis$
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Charles R. Hulten, Edwin R. Dean, and Michael Harper

Print publication date: 2001

Print ISBN-13: 9780226360621

Published to Chicago Scholarship Online: February 2013

DOI: 10.7208/chicago/9780226360645.001.0001

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PRINTED FROM CHICAGO SCHOLARSHIP ONLINE (www.chicago.universitypressscholarship.com). (c) Copyright University of Chicago Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CHSO for personal use.date: 26 June 2022

Total Factor Productivity

Total Factor Productivity

A Short Biography

Chapter:
(p.1) 1 Total Factor Productivity
Source:
New Developments in Productivity Analysis
Author(s):
Charles R. Hulten
Publisher:
University of Chicago Press
DOI:10.7208/chicago/9780226360645.003.0001

This chapter is a biography of the total factor productivity (TFP) residual. It provides an overview of the evolution of nonparametric productivity analysis; discusses the main problems that currently beset the field, such as the difficulty in accounting for quality change; and presents an overall assessment of the strengths and weaknesses of the TFP residual as a tool for understanding the factors underlying long-term trends in economic growth. The chapter, which is intended to serve as an introduction to the conference proceedings, provides an illuminating analysis of the survival of the residual as the main workhorse of empirical growth analysis. A commentary is also included at the end of the chapter.

Keywords:   total factor productivity, nonparametric productivity analysis, quality change, economic growth

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