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  • Search: subject:"TFP: cost function"
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TFP: cost function 1 income distribution 1 productivity growth 1 real wages 1
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Opocher, Arrigo 1
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Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München 1
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Measuring productivity increase by long-run prices: The early analyses of G.R. Porter and R. Giffen
Opocher, Arrigo - Volkswirtschaftliche Fakultät, … - 2009
The 19th century economic commentators did not possess a formal measure of the rate at which productivity was increasing during the industrial take-off. Yet they did develop an intuitive method based on the comparative change in prices and wages. This paper reviews the contributions of G.R....
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