The Top-Down Approach 3: Aggregate Total Factor Productivity Level

  • Bert M. Balk*
  • *Corresponding author for this work

Research output: Chapter/Conference proceedingChapterAcademic

Abstract

In the previous chapter three time-symmetric decompositions of aggregate value-added-based total factor productivity change were developed. In this chapter a fourth decomposition will be developed. A notable difference with the previous chapter is that the development is cast in terms of levels rather than indices. Various aspects of this new decomposition will be discussed and links with decompositions found in the literature unveiled. It turns out that one can dispense with the usual neo-classical assumptions.

Original languageEnglish
Title of host publicationContributions to Economics
PublisherSpringer Science+Business Media
Chapter8
Pages215-234
Number of pages20
DOIs
Publication statusPublished - 22 Apr 2021

Publication series

SeriesContributions to Economics
ISSN1431-1933

Bibliographical note

Publisher Copyright:
© 2021, The Author(s), under exclusive license to Springer Nature Switzerland AG.

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