LI Fu-zhu, YANG Yue-feng. Review on Measurement in Terms of the Growth Rate of Total Factor Productivity. [J]. Journal of University of Jinan(Social Science Edition) 23(2):64-68(2013)
LI Fu-zhu, YANG Yue-feng. Review on Measurement in Terms of the Growth Rate of Total Factor Productivity. [J]. Journal of University of Jinan(Social Science Edition) 23(2):64-68(2013)DOI:
Review on Measurement in Terms of the Growth Rate of Total Factor Productivity
The measurement on TFP growth rate mainly includes two class methods
and they are growth accounting and econometric measurement.It is necessary to consider all the influential factors including the preconditions on which the measurement is utilized
its applicable domains
research objectives and the economic growth mode of the one to be measured when applying a specific method in an empirical study.Based on all the above
this paper recommends that it should calculate the capital depreciation rate and the deflator for capital goods in terms of time period and region when it conducts a measurement on the capital stock.