Are we in a productivity boom? Evidence from multifactor productivity growth

Increased productivity could be the key to preserving robust, noninflationary GDP growth. But what is the best measure of productivity? This Economic Commentary explores the relationship between labor productivity and multifactor productivity, a measure that accounts for factors other than technological improvement. It concludes that MFP provides a better measure of productivity due solely to technical change.

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Year of publication:	1999
Authors:	Bauer, Paul W.
Published in:	Economic Commentary. - Federal Reserve Bank of Cleveland. - 1999, Oct, 2
Publisher:	Federal Reserve Bank of Cleveland
Subject:	Productivity \| Technology \| Labor productivity

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005512865