A neoclassical analysis of total factor productivity using input-output prices

This paper examines total factor productivity (TFP) growth in resource and non resource based industries of the Malaysian manufacturing sector. The growth in TFP is examined between 2000 and 2005. Unlike previous studies that use one source of data from Industrial Manufacturing Survey (IMS), this research combines two sources of data–Malaysian Input-Output Tables and IMS. The motivation for this study was brought about due to the need to present a different method for estimating TFP growth using the input-output methodology. The result from this study for resource and non resource based industries reveals that the TFP growth is relatively low for both industries. In addition, the major source of change in TFP of the both industries is contributed by intermediate inputs, while the contribution of labour and capital is substantially low.

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Decomposing Total Factor Productivity Growth in Manufacturing and Services

Asian Development Review ◽

10.1162/adev_a_00082 ◽

2017 ◽

Vol 34 (1) ◽

pp. 88-115 ◽

Cited By ~ 2

Author(s):

Neil Foster-McGregor ◽

Bart Verspagen

Keyword(s):

Total Factor Productivity ◽

Productivity Growth ◽

Value Added ◽

Total Factor Productivity Growth ◽

Aggregate Productivity ◽

Factor Productivity ◽

Input Output ◽

Tfp Growth ◽

The World ◽

Asian Economies

Using the World Input–Output Database, this paper calculates total factor productivity (TFP) growth for a sample of 40 economies during the period 1995–2009 to show that TFP growth in Asian economies has been relatively strong. In a number of Asian economies, TFP growth in services has outpaced that in manufacturing. This paper presents a novel structural decomposition of TFP growth and shows that the main drivers of aggregate productivity growth, as well as differences in productivity growth between services and manufacturing, have been changing factor requirements. These effects tend to offset the negative productivity effect of a declining ratio of value added to gross output.

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Economic size of farms and adjustments of the total factor productivity to the business cycle in Polish agriculture

Agricultural Economics (Zemědělská ekonomika) ◽

10.17221/240/2015-agricecon ◽

2017 ◽

Vol 63 (No. 2) ◽

pp. 93-102

Author(s):

Czyzewski Bazyli ◽

Majchrzak Adam

Keyword(s):

Business Cycle ◽

Total Factor Productivity ◽

Large Scale ◽

Developed Countries ◽

Factor Productivity ◽

Input Output ◽

The Real ◽

Agricultural Income ◽

The Business Cycle ◽

Economic Size

The article presents an approach to changes in the total factor productivity (TFP) which differs from that generally found in the literature. Changes are calculated in the real terms using the detailed input-output matrices for representative farms in Poland, for different economic size classes, in the years 2007–2013. Input-output matrices were used for the decomposition of the Hicks-Moorsteen TFP index. The goal is to evaluate changes in the real TFP in the downturn and recovery phases of the business cycle in agriculture. It was found that the reaction of TFP to business cycle changes on “small”, “medium” and even “large” family farms in Poland is diametrically opposite to that observed in the case of large-scale farms. More than 90% of farms in Poland (except for the largest) increase technical productivity in the conditions of the economic downturn and lower it in the conditions of the economic recovery. Such behaviour is pro-cyclic and irrational, alluding to the 17th-century King’s effect, which is vanishing in the agricultural systems of highly developed countries. The hypothesis is proposed that the size of the price expectation error which causes that effect is negatively correlated with the economic size of the farm, but at the same time it is proportional to the percentage of agricultural income obtained from subsidies and other payments under the SAPS system.

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Research on Green Total Factor Productivity of Yangtze River Economic Belt Based on Environmental Regulation

International Journal of Environmental Research and Public Health ◽

10.3390/ijerph182212242 ◽

2021 ◽

Vol 18 (22) ◽

pp. 12242

Author(s):

Junxia He ◽

Luxia Wang ◽

Decai Tang

Keyword(s):

Environmental Regulation ◽

Total Factor Productivity ◽

Yangtze River ◽

Environmental Governance ◽

Efficiency Index ◽

Scale Efficiency ◽

The Yangtze River ◽

Factor Productivity ◽

Input Output ◽

Treatment Rate

With the acceleration of industrialization and urbanization, the Yangtze River Economic Belt (YREB) is facing many environmental problems that need to be solved in the process of development. This paper aims to analyze the environmental governance effects of nine provinces and two municipalities in the Yangtze River Economic Belt from 2009 to 2018. Firstly, based on the input-output index, the slacks-based measure (SBM) undesirable model and Malmquist (ML) index were used to measure the green total factor productivity (GTFP) of the YREB from 2009 to 2018. The results showed that the technological progress index contributed the most to the GTFP of the YREB, followed by the pure technical efficiency index and the scale efficiency index. Environmental regulation has no significant impact on the GTFP of the YREB. Secondly, by analyzing the effect of environmental governance in the YREB, the results show that the main reasons for the ineffective environmental governance in the YREB are the redundant input of environmental resources, excessive unwanted output, and low harmless treatment rate of municipal solid waste, rather than the low level of urban environmental management. Finally, this paper provides recommendations for the ineffective provinces and municipalities of the YREB to further optimize the input-output factors of environmental governance.

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