total factor productivity in a sentence
Examples
- In order to raise total factor productivity, Dr Lim urged that research and development ( R and D ) be stepped up.
- The bubble was an unprecedented investment in technology that increased labor productivity and capital profitability at tech firms, without increasing total factor productivity.
- Pierre Mass?did research in economics on the theories of economic depreciation, dynamic programming, and total factor productivity and in mathematics on Pontryagin's minimum principle.
- In most industries in the UK, estimation of a firm's efficiency is carried out by comparing regional monopolies and using a total factor productivity method.
- When multiple inputs are considered, such as labor and capital the measure is called in macroeconomics Total Factor Productivity TFP or Multi Factor Productivity MFP.
- The Australian Energy Market Commission is currently carrying out a review of the possible role for Total Factor Productivity in electricity distribution regulation in Australia.
- Another productivity measure, used by the OECD, is the long-term trend in multifactor productivity ( MFP ) also known as total factor productivity ( TFP ).
- LOCAL manufacturers will be encouraged to develop and promote own-brand-names in the Government's efforts to boost total factor productivity ( TFP ) in the economic downturn.
- Citing the example of Taiwan, he said the country's total factor productivity stands at 70 per cent because of its heavy investments in intellectual capital of IT.
- The Solow residual measures total factor productivity, but the productivity variable is normally attached to the labor variable in the Solow-Swan model to make technological growth labor-augmenting.