TFP is interpreted in the literature in different, mutually contradictory ways. Changes in TFP
are shown to measure not technological change, only the super‐normal returns to investing …

We have two main concerns in this paper. First, we wish to assess the extent to which total
factor productivity (TFP) can be taken as a measure of an economy's long-term technological …

The use of total-factor-productivity (TFP) indices to estimate rates of technical change is
predicated on the assumption of long-run equilibrium in all markets. Unfortunately …

The essays collected in this volume cover most of my work on the relationship of productivity
growth to R&D expenditures in industry. That technical change was a major source of …

The relationship between productivity, technology and economic growth has been debated
extensively in the endogenous growth, growth accounting, New Economy and policy …

The conventional approach to the measurement of total factor productivity distinguishes
between shifts in an aggregate production function (technical change) and movements …

This paper presents an industry-level analysis of the links between technological change
and total factor productivity growth. Over the past few decades, numerous studies have …

A growth accounting exercise is conducted for 88 countries for 1960-94 to examine the
source of cross-country differences in total factor productivity (TFP) levels. Two differences …

To date, the concept, measurement and interpretation of total factor productivity (TFP) growth
remains highly discussed but poorly understood. This paper attempts to provide a review of …

The recent slowdown in the growth of productivity in the United States has attracted
considerable attention. The deceleration has been attributed to many factors, including a …