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Appendix A. Basic Growth - Accounting Methodology

Appendix A. Basic Growth - Accounting Methodology

The empirical relationship used to estimate growth of multifactor productivity by the basic growth-accounting methodology is shown below:

Where:

= Growth of MFP

= Growth of gross output

= Growth of labor...

TABLE 1 Data on Labor and Multifactor Productivity

TABLE 1 Data on Labor and Multifactor Productivity

Excel | CSV

  Air transportation NAICS 481 Rail transportation SIC 4011 Truck transportation NAICS 484 U.S. economy Labor productivity (1987=100) Multifactor productivity (1987=100)...

Appendix B. Methodology with the Tornqvist Index

Appendix B.Methodology with the Tornqvist Index

Multifactor productivity is the ratio of the output index to a weighted average of the input indexes. A Tornqvist formula expresses the change in multifactor productivity as the difference between the rate of change in output and the...