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Multi-Factor Productivity
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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:

  • Total factor productivity
  • Solow residual
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