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  • 2008
  • Dictionary Entry
  • The New Palgrave Dictionary of Economics

Total Factor Productivity

By: Diego Comin
  • Format:Print
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Abstract

Total Factor Productivity (TFP) is the portion of output not explained by the amount of inputs used in production. The following definition describes the measurement and importance of TFP for growth, fluctuations and development as well as likely future directions of research.

Keywords

Business Cycles; Economic Growth; Measurement and Metrics; Production; Performance Productivity; Research

Citation

Comin, Diego. "Total Factor Productivity." In The New Palgrave Dictionary of Economics. 2nd ed. Edited by Steven Derlauf and Larry Blume. Hampshire, U.K.: Palgrave Macmillan, 2008.
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  • Technology Diffusion: Measurement, Causes and Consequences By: Diego A. Comin and Marti Mestieri
  • The Intensive Margin of Technology Adoption By: Diego A. Comin
  • From Green Users to Green Voters By: Diego Comin and Johannes Rode
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