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The Challenge of Total Factor Productivity

Author

Listed:
  • Erwin Diewert

Abstract

In this article, as part of the symposium on total factor productivity, Erwin Diewert of the University of British Columbia provides a comprehensive discussion of what is needed to develop reliable measures of total factor productivity in terms of output and the different classes of inputs. He concludes that the current system of industry statistics in all advanced countries has not kept up with the evolution of the economy from primary and manufacturing production to the production of services and that if we want accurate measures of total factor productivity at the industry level, statistical agencies must be given additional resources.

Suggested Citation

  • Erwin Diewert, 2000. "The Challenge of Total Factor Productivity," International Productivity Monitor, Centre for the Study of Living Standards, vol. 1, pages 45-52, Fall.
    • Handle: RePEc:sls:ipmsls:v:1:y:2000:8
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    File URL: http://www.csls.ca/ipm/1/diewert-e.pdf
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    File URL: http://www.csls.ca/ipm/1/diewert-f.pdf
    File Function: version en francais, pp:45-52
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    Citations

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    Cited by:

    1. Philippe Aghion & Antonin Bergeaud & Timo Boppart & Peter J. Klenow & Huiyu Li, 2019. "Missing Growth from Creative Destruction," American Economic Review, American Economic Association, vol. 109(8), pages 2795-2822, August.
    2. Arnaud Abad & Rabaozafy Louisa Andriamasy & Walter Briec, 2018. "Surplus measures and luenberger Hicks–Moorsteen productivity indicator," Journal of Economics, Springer, vol. 125(3), pages 279-308, November.
    3. J. David Cummins & Mary A. Weiss, 1998. "Analyzing Firm Performance in the Insurance Industry Using Frontier Efficiency Methods," Center for Financial Institutions Working Papers 98-22, Wharton School Center for Financial Institutions, University of Pennsylvania.
    4. Diewert, W. Erwin & Fox, Kevin J., 2019. "Money and the Measurement of Total Factor Productivity," Journal of Financial Stability, Elsevier, vol. 42(C), pages 84-89.
    5. Pierre Mohnen & Thijs Ten Raa & Gilles Bourques, 1994. "Mesures de la croissance de la productivité dans un cadre d'équilibre général: L'économie du Québec entre 1978 et 1984," Cahiers de recherche du Département des sciences économiques, UQAM 9407, Université du Québec à Montréal, Département des sciences économiques.
    6. Alexander Murray, 2016. "Partial versus Total Factor Productivity: Assessing Resource Use in Natural Resource Industries in Canada," CSLS Research Reports 2016-20, Centre for the Study of Living Standards.
    7. Melaku T. Abegaz, 2013. "Total Factor Productivity and Technical Efficiency in the Ethiopian Manufacturing Sector," Working Papers 010, Policy Studies Institute.
    8. Elias Kourliouros & George Korres & Emmanuel Marmaras & George Tsobanoglou, 2006. "Economic Geography and Regional Growth: An Empirical Evidence From Greece," ERSA conference papers ersa06p30, European Regional Science Association.
    9. Fuentes Castro, Daniel, 2011. "Productividad y equidad en la economía española desde una perspectiva internacional (1995 – 2009) [Productivity and equity in the Spanish economy from an international perspective (1995-2009)]," MPRA Paper 51611, University Library of Munich, Germany.
    10. Beaulieu, Anne & Patry, Michel & Raynauld, Jacques, 1989. "L’analyse de la productivité des transporteurs aériens canadiens dans les années soixante-dix : pour un autre plan de vol," L'Actualité Economique, Société Canadienne de Science Economique, vol. 65(2), pages 183-207, juin.
    11. Sun, Ling & Fulginiti, Lilyan E. & Peterson, E. Wesley F., 1999. "Technology, Factor Endowment, Prices And The Relative Decline Of Agriculture In Taiwan," 1999 Annual meeting, August 8-11, Nashville, TN 21700, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    12. Ouellette, Pierre & Lasserre, Pierre, 1985. "Mesure de la productivité : la méthode de Divisia," L'Actualité Economique, Société Canadienne de Science Economique, vol. 61(4), pages 507-526, décembre.
    13. Arby, Muhammad Farooq, 2008. "Some Issues in the National Income Accounts of Pakistan (Rebasing, Quarterly and Provincial Accounts and Growth Accounting)," MPRA Paper 32048, University Library of Munich, Germany.
    14. R. Quentin Grafton & Stephen Knowles & P. Dorian Owen, 2002. "Social Divergence and Productivity: Making a Connection," The Review of Economic Performance and Social Progress, in: Andrew Sharpe, Executive Director & France St-Hilaire, Vice-President , Research & Keith Banting, Di (ed.), The Review of Economic Performance and Social Progress 2002: Towards a Social Understanding of Productivity, volume 2, Centre for the Study of Living Standards;The Institutute for Research on Public Policy.
    15. Bert Balk, 2003. "The Residual: On Monitoring and Benchmarking Firms, Industries, and Economies with Respect to Productivity," Journal of Productivity Analysis, Springer, vol. 20(1), pages 5-47, July.
    16. Sang-Yong Tom Lee & Xiao Jia Guo, 2004. "Information and Communications Technology (ICT) and Spillover: A Panel Analysis," Econometric Society 2004 Far Eastern Meetings 722, Econometric Society.
    17. Dandres, Thomas & Gaudreault, Caroline & Tirado-Seco, Pablo & Samson, Réjean, 2012. "Macroanalysis of the economic and environmental impacts of a 2005–2025 European Union bioenergy policy using the GTAP model and life cycle assessment," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(2), pages 1180-1192.
    18. Tang, Jianmin & Wang, Weimin, 2020. "Technological frontier, technical efficiency and the post-2000 productivity slowdown in Canada," Structural Change and Economic Dynamics, Elsevier, vol. 55(C), pages 12-25.
    19. Jati Sengupta, 2004. "Estimating technical change by nonparametric methods," Applied Economics, Taylor & Francis Journals, vol. 36(5), pages 413-420.

    More about this item

    Keywords

    Measurement; Total Factor Productivity; Output; Input; Classification; Industry Statistics; Manufacturing; Services; Data Collection; Data Requirements; Growth; Labor; Labour; Capital; Inventories; land; resources; innovation; infrastructure; price index;
    All these keywords.

    JEL classification:

    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • C80 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - General
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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