ON THE MEASUREMENT OF TOTAL FACTOR PRODUCTIVITY: A LATENT VARIABLE APPROACH

2010 ◽  
Vol 15 (2) ◽  
pp. 145-159 ◽  
Author(s):  
J. Rodrigo Fuentes ◽  
Marco Morales
Keyword(s):  
Growth Rate ◽  
Total Factor Productivity ◽  
Capital Accumulation ◽  
Latent Variable ◽  
State Space Model ◽  
Factor Productivity ◽  
Capital Share ◽  
Variable Approach ◽  
Latent Variable Approach

Despite the important role that total factor productivity (TFP) has played in the growth literature, few attempts have been made to change the methodology to estimate it. This paper proposes a methodology based on a state-space model to estimate TFP and its determinants. With this methodology, it is possible to reduce the measurement of our ignorance. As a by-product, this estimate yields the capital share in output and the long-term growth rate. When applied to Chile, the estimation shows a capital share around 0.5 and long-term growth of TFP around 1%. Capital accumulation tends to explain the growth rate in the fast growth periods under the econometric estimation more than the traditional growth accounting methodology.

scholarly journals Does FDI Promote or Inhibit the High-Quality Development of Agriculture in China? An Agricultural GTFP Perspective

2019 ◽  
Vol 11 (17) ◽  
pp. 4620 ◽  
Author(s):  
Yafei Wang ◽  
Li Xie ◽  
Yi Zhang ◽  
Chunyun Wang ◽  
Ke Yu
Keyword(s):  
Growth Rate ◽  
Total Factor Productivity ◽  
Annual Growth ◽  
Eastern Region ◽  
Annual Growth Rate ◽  
Factor Productivity ◽  
Promoting Effect ◽  
Index Method ◽  
Agricultural Growth

This paper innovatively brings the undesirable output of agricultural carbon emission into the agricultural Total Factor Productivity (TFP) accounting framework as a measure of Green Total Factor Productivity (GTFP) and uses the Slack-based Measure and Malmquist-Luenberger (SBM-ML) index method to measure the agricultural GTFP of 24 provinces in China from 2004 to 2016. Further, the two-step system generalized moment method (GMM) is adopted to reveal the effect of agricultural (Foreign Direct Investment) FDI on the growth of agricultural GTFP and various subitems. We find that the average annual growth rate of agricultural GTFP is 3.1%, and its contribution rate to agricultural growth is 52%; the growth of agricultural GTFP shows that the progress of agricultural technology is accompanied by the deterioration of agricultural technical efficiency; the agricultural GTFP in the Eastern region, the Central region and the Western region increases in a stepped-up form, with an annual growth rate of 3.1%, 3.3% and 3.4%, respectively. Agricultural FDI has a significant promoting effect on agricultural GTFP and subitems, however, it has an inverted U-shaped feature in the long term.

scholarly journals The Sources of Long-Run Growth in Spain, 1850-2000

2009 ◽  
Vol 69 (4) ◽  
pp. 1063-1091 ◽  
Author(s):  
Leandro Prados de la Escosura ◽  
Joan R. Rosés
Keyword(s):  
Growth Factor ◽  
Total Factor Productivity ◽  
Labor Productivity ◽  
Capital Accumulation ◽  
Real Output ◽  
Factor Productivity ◽  
Long Run ◽  
The Impact ◽  
First Time

Between 1850 and 2000 Spain's real output and labor productivity grew at average rates of 2.5 and 2.1 percent. The sources of this long-run growth are investigated here for the first time. Broad capital accumulation and efficiency gains appear as complementary in Spain's long-term growth. Factor accumulation dominated long-run growth up to 1950, while total factor productivity (TFP) led thereafter and, especially, during periods of growth acceleration. The main spurts in TFP and capital coincide with the impact of the railroads (1850s-1880), the electrification (the 1920s and 1950s), and to the adoption of new vintage technology during the Golden Age.

scholarly journals Advertising and Retail Promotion of Washington Apples: A Structural Latent Variable Approach to Promotion Evaluation

1999 ◽  
Vol 31 (1) ◽  
pp. 15-28 ◽  
Author(s):  
Timothy J. Richards ◽  
X.M. Gao ◽  
Paul M. Patterson
Keyword(s):  
Latent Variables ◽  
Latent Variable ◽  
Structural Model ◽  
State Space Model ◽  
Product Knowledge ◽  
Variable Approach ◽  
Latent Effects ◽  
Filter Approach ◽  
Retail Promotion ◽  
Latent Variable Approach

Abstract“Commodity promotion” consists of many activities, each designed to contribute to a consumer's product knowledge or influence tastes. However, both knowledge and tastes are unobservable, or latent, variables influencing demand. This paper specifies a dynamic structural model of fresh fruit demand that treats promotion and other socioeconomic variables as “causal” variables influencing these latent variables. Estimating this state-space model using a Kalman filter approach provides estimates of both the system parameters and a latent variable series. The results show that these latent effects contribute positively to apple and other fruit consumption, while reducing banana consumption.

Distinguishing Adequate Versus Inadequate Cancer Health Literacy Levels: A Discrete Latent Variable Approach

2013 ◽  
Author(s):  
Levent Dumenci ◽  
Robin Matsuyama ◽  
Robert Perera ◽  
Laura Kuhn ◽  
Laura Siminoff
Keyword(s):  
Health Literacy ◽  
Latent Variable ◽  
Variable Approach ◽  
Latent Variable Approach

Executive Functions and Metacognitive Monitoring Are Not Interchangeable in Educational Settings: Their Shared and Unique Contribution to Academic Outcomes

2019 ◽  
Author(s):  
Rina PY Lai ◽  
Michelle Renee Ellefson ◽  
Claire Hughes
Keyword(s):  
Executive Functions ◽  
Academic Outcomes ◽  
Cognitive Skills ◽  
Latent Variable ◽  
Unique Contribution ◽  
Metacognitive Monitoring ◽  
Cognitive Predictors ◽  
Domain Specific ◽  
Variable Approach ◽  
Latent Variable Approach

Executive functions and metacognition are two cognitive predictors with well-established connections to academic performance. Despite sharing several theoretical characteristics, their overlap or independence concerning multiple academic outcomes remain under-researched. To address this gap, the present study applies a latent-variable approach to test a novel theoretical model that delineates the structural link between executive functions, metacognition, and academic outcomes. In whole-class sessions, 469 children aged 9 to 14 years (M = 11.93; SD = 0.92) completed four computerized executive function tasks (inhibition, working memory, cognitive flexibility, and planning), a self-reported metacognitive monitoring questionnaire, and three standardized tests of academic ability. The results suggest that executive functions and metacognitive monitoring are not interchangeable in the educational context and that they have both shared and unique contributions to diverse academic outcomes. The findings are important for elucidating the role between two domain-general cognitive skills (executive functions and metacognition) and domain-specific academic skills.

scholarly journals Stability of Core Language Skill from Early Childhood to Adolescence: A Latent Variable Approach

2013 ◽  
Vol 85 (4) ◽  
pp. 1346-1356 ◽  
Author(s):  
Marc H. Bornstein ◽  
Chun-Shin Hahn ◽  
Diane L. Putnick ◽  
Joan T. D. Suwalsky
Keyword(s):  
Early Childhood ◽  
Latent Variable ◽  
Language Skill ◽  
Variable Approach ◽  
Core Language ◽  
Latent Variable Approach
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