Definition: KLEMS multifactor productivity (MFP)
OECD terminology
Productivity measure that relates gross output to primary (capital and labour) and intermediate inputs (energy, other intermediate goods, services).
Source:
Organization for Economic Cooperation and Development (OECD), "Measuring Productivity - OECD Manual: Measurement of Aggregate and Industry-Level Productivity Growth", Paris, 2001
Created:
Updated: