Four approaches to TFP Measurement
{"Image DocumentName": "Four approaches to TFP Measurement", "Image ImageDescription": "1. Hicks-Moorsteen Index. We may use any formula of our choice in computing this index \u2013 as long as the formula selected is properly selected. 2. TFP based on Profitability ratio. Fare et al 1994, OECD and MPI (regional concept) Coelli and Rao (2005) Ag Economics 95 countries Ag productivity using MPI. technical efficiency, which reflects the ability of a firm to obtain maximal output from a given set of inputs. This can be viewed as a special case of Hicks-Moorsteen index. There is considerable interest in the decomposition of revenue and cost changes (leading to profit change). Such decompositions can be undertaken using Bennett index numbers (see Diewert, 1998 and 2000).", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}