1. Education
Multi-Factor Productivity
<Back to Last Page>     <Full Glossary>

Definition of Multi-Factor Productivity: Multi-factor productivity is the Same as total factor productivity, a certain type of Solow residual.

MFP = d(ln f)/dt = d(ln Y)/dt - sLd(ln L)/dt - sKd(ln K)/dt

where f is the global production function; Y is output; t is time;
sL is the share of input costs attributable to labor expenses;
sK is the share of input costs attributable to capital expenses;
L is a dollar quantity of labor;
K is a dollar quantity of capital. (Econterms)

Terms related to Multi-Factor Productivity:

About.Com Resources on Multi-Factor Productivity:
None

Writing a Term Paper? Here are a few starting points for research on Multi-Factor Productivity:

Books on Multi-Factor Productivity:
None

Journal Articles on Multi-Factor Productivity:
None

<Return to Main Page>

You can opt-out at any time. Please refer to our privacy policy for contact information.

©2014 About.com. All rights reserved.