The assumption behind popular data on national capital stocks, and therefore total factor productivity, is that countries were in a steady state in the first year that investment data became available ...

This paper constructs an industry-level dataset of productivity across advanced economies, showing that Korea’s labor productivity and total factor productivity levels are below the median of other ...

See more of our coverage in your search results. Add The New York Times on Google The secret ingredient in economic growth is what economists call total factor productivity. You can always increase ...

To become wealthier, a country needs strong growth in productivity—the output of goods or services from given inputs of labor and capital. For most people, in theory at least, higher productivity ...