A Parametric Estimation of Total Factor Productivity and Its Components in U.S. Agriculture

Total Factor Productivity: An Unobserved Components Approach

This work examines the presence of unobserved components in the time series of Total Factor Productivity, which is an idea central to modern Macroeconomics. The main approaches in both the study of economic growth and the study of business cycles rely on certain properties of the different components of the time series of Total Factor Productivity. In the study of economic growth, the Neoclassi...

Trends in Total Factor Productivity in Pakistan Agriculture Sector

Total factor productivity (TFP) has emerged as an important source of agriculture growth. However, this area remained neglected by researchers as well as policy makers in Pakistan. The studies which have estimated agriculture TFP growth in Pakistan are very few and they have tended to overstate it by ignoring the variation in capacity utilization, hours worked and improvement in labour producti...

Impact of Knowledge-based Components on Total Factor Productivity of MENA Countries

F rom the viewpoint of economic theories, total factor productivity (TFP) is the most important component that leads to economic growth and development. The main purpose of this study was to evaluate the impact of knowledge-based economy on total factor productivity in the member countries of the Middle East and North Africa (MENA) region. For this purpose, the panel data regression analysis ha...

Trends in Total Factor Productivity in Indian Agriculture: State-level Evidence Using Non-parametric Sequential Malmquist Index

Recognizing the critical role of agricultural sector in the overall growth as well as development performance, this study estimates total factor productivity (TFP) in Indian agriculture at state-level. Using Index of Agricultural Production as the measure of output, changes in TFP are estimated using non-parametric Sequential Malmquist TFP index. The TFP change is decomposed into efficiency cha...

A Chronological Study of Total Factor Productivity and Agricultural Growth in U.S. Agriculture