Total Factor Productivity

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Definition: Total Factor Productivity

Total Factor Productivity
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Full Definition of Total Factor Productivity

A measure of the output of an industry or economy relative to the size of all of its primary factor inputs. The term, and its acronym TFP, often refers to the growth of this measure, as measured by the Solow residual. See also Hicks-neutral technical progress.

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https://payrollheaven.com/define/total-factor-productivity/
Modern Language Association (MLA):
Total Factor Productivity. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
June 17, 2024 https://payrollheaven.com/define/total-factor-productivity/.
Chicago Manual of Style (CMS):
Total Factor Productivity. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/total-factor-productivity/ (accessed: June 17, 2024).
American Psychological Association (APA):
Total Factor Productivity. PayrollHeaven.com. Retrieved June 17, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/total-factor-productivity/

Definition Sources

Definitions for Total Factor Productivity are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 17th November, 2021 | 0 Views.