OECD Compendium of Productivity Indicators 2015

Growth accounting

DOI:https://dx.doi.org/10.1787/pdtvy-2015-10-en

Economic growth can be fostered either by raising the labour and capital inputs used in production, or by improving the overall efficiency with which these inputs are used together, i.e. higher multifactor productivity growth (MFP). Growth accounting involves decomposing total output growth ...



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