Public Agricultural Research Spending and Future U.S. Agricultural Productivity Growth: Scenarios for 2010-2050 UNITED STATES DEPARTMENT OF AGRICULTURE
نویسنده
چکیده
Total factor productivity (TFP) is the broadest measure of productivity. It compares the total output of a sector to the total land, labor, capital, and material inputs used to produce that output. Increases in TFP imply more output is forthcoming from a given level of inputs, or, equivalently, fewer inputs are required to produce the same output. Growth in TFP is considered to be an indicator of the rate of technical change in a sector.
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