Total factor productivity (TFP) is crucial for evaluating technological innovation, yet its accurate measurement remains challenging due to diverse methodologies. Notably, the selection of proxy variables in control function approach (CFA) significantly influences TFP estimation, yet existing...

We pioneer the estimation of technological progress parameters for Russia in the framework of the neoclassical theory. Implementing the CES production function (CES PF hereafter) as an instrument of output description, we construct a system of cointegrated time series which guarantee no spurious...