New Study Reveals Surprising Insights into Total Factor Productivity Growth!
The article compares different ways to measure total factor productivity growth. They looked at Solow's residual analysis, the Index Number Approach, Input-Output Analysis, and Data Envelopment Analysis. These methods have different assumptions but can be compared to each other. The researchers used the Solow Residual as a benchmark for their comparisons. By looking at how these methods relate to each other, they were able to understand the differences between them. Ultimately, they put all four measures into a common framework.