Total Factor Productivity: Revision history

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6 January 2026

  • curprev 12:0912:09, 6 January 2026‎ Mbauwens talk contribs‎ 869 bytes +869‎ Created page with " =Description= Young Yoon: "Total Factor Productivity (TFP) is the portion of output growth that cannot be explained by increases in labor or capital inputs alone. In other words, given fixed amounts of labor, capital, and raw materials—the "visible" factors of production—TFP measures how much additional output is generated by "invisible" factors such as technological progress, organizational innovation, and improvements in labor–management relations. TFP is the..."
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