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| Definition: |
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Total factor productivity is a synonym for Multi-factor productivity (MFP). The OECD productivity manual uses the MFP acronym to signal a certain modesty with respect to the capacity of capturing all factors’ contribution to output growth.
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| Source
Publication: |
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OECD Productivity Manual: A Guide to the Measurement of Industry-Level and Aggregate Productivity Growth, OECD, Paris, March 2001, Annex 1 – Glossary.
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| Statistical
Theme: National accounts |
| Created
on Sunday, November 18, 2001 |
| Last
updated on Thursday, December 1, 2005 |
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