On the Relationship between Gross Output-based TFP Growth and Value Added-based TFP Growth: An Illustration Using Data from Australian Industries
Diewert (2015) develops simple expressions for the exact relationship between value added TFP growth and gross output TFP growth. These expressions suggest that the magnification factor relating the two TFP growth measures is approximately equal to the share of primary inputs in total costs. We appl...
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| Format: | Article |
| Language: | English |
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Centre for the Study of Living Standards
2015-09-01
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| Series: | International Productivity Monitor |
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| Online Access: | http://www.csls.ca/ipm/29/calver.pdf |