By: Tauqir Ahmed & Arshad Ali Bhatti
This paper surveys and synthesizes fast‐growing literature on the measurement and determinants of multi‐factor productivity (MFP). We identify three strands of the literature to measure MFP: the first is growth accounting, which decomposes observed economic growth into the contribution of factor inputs and technological change, called the Solow Residual; the second is index number methods, accompanied by frontier techniques; the third is growth regressions and econometric methods used to estimate productivity across countries and regions. We keep our focus on assessing the major strengths and weaknesses of commonly used methods for MFP measurement and categorize existing literature on the determinants of MFP growth into macroeconomic and institutional factors. We attempt to provide a reassessment and thematic survey of literature on the drivers of aggregate productivity, enabling policymakers to formulate effective economic policy.
Publication Link: https://onlinelibrary.wiley.com/doi/abs/10.1111/joes.12360
Strange "water hack" burns 2 lbs overnight
ReplyDeleteWell over 160 000 men and women are trying a easy and SECRET "liquid hack" to drop 2lbs every night in their sleep.
It is scientific and it works every time.
You can do it yourself by following these easy steps:
1) Grab a glass and fill it up with water half full
2) And then use this awesome hack
you'll be 2lbs thinner the next day!