Working Paper

Decomposing TFP growth in the presence of cost inefficiency, nonconstant returns to scale, and technological progress


Abstract: A decomposition of observed total factor productivity (TFP) growth that examines changes in returns to scale, cost efficiency, and technology and that develops several decompositions using production and cost frontiers.

Access Documents

Authors

Bibliographic Information

Provider: Federal Reserve Bank of Cleveland

Part of Series: Working Papers (Old Series)

Publication Date: 1988

Number: 8813