Definition: Total factor productivity

OECD terminology

Synonym for multifactor productivity (MFP). This manual uses the MFP acronym to signal a certain modesty with respect to the capacity of capturing all factors’ contribution to output growth.
Source:
Organization for Economic Cooperation and Development (OECD), "Measuring Productivity - OECD Manual: Measurement of Aggregate and Industry-Level Productivity Growth", Paris, 2001
Created:
Updated:

Search box

Search